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by ZainRiz
2264 days ago
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Sounds like a solution only an econ could think up of, which doesn't take into consideration other external factors that would apply specifically to the person holding the property, such as:
- human psychology (loss aversion, endowment effect, mental anxiety due to risk of being forced to sell your property)
- switching costs (monetary, mental, time spent searching for alternatives, costs to moving to something else)
- replacement costs (transaction costs, etc) |
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