[patmcguire]

There might be a parallel with credit: Back when the maximum credit card interest rate charged in many states was limited to 18%, credit card companies tended to charge right at that, whereas when it was unregulated the interest was lower. [1]

You can look at a vacation cap as the same thing, where having a cap really can cause people to use more than they would if it were just whatever they could negotiate.

https://en.wikipedia.org/wiki/Price_ceiling#Price_ceilings_t...