Friday, September 10, 2010

Evading rent control

In the text we spend some time showing how government regulation that prevents assets from moving to higher valued uses simultaneously creates opportunities for those clever enough to figure out how to circumvent the regulation. Rent control is one of the simplest examples. My solutions to the "problem" or rent control--bundling, tying, or exclusion--are simple-minded compared to the diabolical scheme that our non-profit universities have hatched.

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