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(The researchers refer to this as the "relative income" model).
"We need to go back and have more of a balanced income model".
Concerns have been voiced about the high cost of the basic income model.
These advertising and affiliate arrangements will remain the prime income model, but the sites "may also develop in other areas".
The dynamic relationship in the income model was the consumption function.
The income model dealt with changes in money income in terms of the demand for and supply of output.
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But the relative-income model broke down when it came to those at the top.
As the relative-income model predicted, those who'd learned that they were earning less than their peers were ticked off.
My proudest achievement at work was... being involved with Trustech from the start, seeing it grow from three staff funded by government pump-priming money to where it is now, with 17 staff sustained by a mixed-income model is probably the greatest achievement; this is down to all of the Trustech team and the people we work with.
Perhaps most important is the fee-income model it's built.
Bar-Ilan and Blinder (1988) discussed the permanet-income model.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com