Re:I saw RealPage's crappy rent-jacking-up software so you d...
by danaris on Friday February 24, 2023 @09:31PM
(#34933214)
> All of those already exist without cartels.
Well, sure, but in an environment with a cartel, they will privilege the cartel over other actors in the system.
> This assumes that pool of builders is somehow limited
And it is. It's limited to the builders who operate within the geographic area the cartel operates in.
In general, you're just dismissing these very practical criticisms with more "idealized market theory" that only works when it doesn't have to take real frictions into account, or by just saying what boils down to "nuh-uh".
Well, sure, but in an environment with a cartel, they will privilege the cartel over other actors in the system.
> This assumes that pool of builders is somehow limited
And it is. It's limited to the builders who operate within the geographic area the cartel operates in.
In general, you're just dismissing these very practical criticisms with more "idealized market theory" that only works when it doesn't have to take real frictions into account, or by just saying what boils down to "nuh-uh".