During my frequent drives to Manhattan, traffic congestion is worse than ever. The reason could be Uber and Lyft. This is the story. San Francisco Congestion Let’s start with congestion. Like the Supreme Court quote on pornography (“…I know it…
Relating to prices, a local multiplier and vacancies, there are tradeoffs if municipalities change the competitive market structure by banning chain stores.
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
Today’s story is specifically about Airbnb. More generally though, it involves whether government or the market system should regulate the “sharing economy.” But first–Craigslist and the Sharing Economy from xkcd: An apartment owner in Astoria, Queens (a subway ride from…
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