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Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou... by dllthomas on Wednesday April 09, 2014 @09:17AM (#7559049)
"The situation is like a prisoners dilemma for hotels. If they all raise prices and none of them break rank in price, then they all make more money."

This is really just competition, with the possibility of collusion, which is very much Econ 101.

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