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1. Then why isn't there competition yet? This points towards a more complex model being needed. 2. I mentioned stickiness in https://news.ycombinator.com/item?
by ikeboy 10y ago
1. Then why isn't there competition yet? This points towards a more complex model being needed.
2. I mentioned stickiness in https://news.ycombinator.com/item?id=11989391 https://news.ycombinator.com/item?id=11989391. But it makes the analysis more complicated, and the comments I was responding to were not at that level. Remember, I started by responding to a comment saying "There's no incentive for that profit to be passed on as reduced rates for the tenants.", which is a simplistic model.
- jbooth 10y agohttps://en.wikipedia.org/wiki/Spherical_cow https://en.wikipedia.org/wiki/Spherical_cow
- ikeboy 10y agoI'm not saying the simple model is correct, I'm saying that you need a model which accounts for the things the simple model has. You can account for more things, and I did, but without doing that you aren't justified in complaining.