|
|
|
|
|
|
by WalterBright
335 days ago
|
|
|
> widespread price-fixing between landlords This is called a cartel. The trouble with cartels is enforcing it. Cartel members cheat all the time by selling for less than the cartel price in order to get a larger share of the market. The setup is unstable as the incentives are much like the Prisoner's Dilemma. |
|
|