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"Rent seeking"? I'm confused. AirBnB helps price goods closer to their market rate by expanding the market. If anything, the people who don't want to compete o
by yummyfajitas 10y ago
"Rent seeking"? I'm confused. AirBnB helps price goods closer to their market rate by expanding the market.
If anything, the people who don't want to compete on price with AirBnB are the ones who are rent seeking.
- weeksie 10y agoIt's an economics term. https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- yummyfajitas 10y agoAnd you're misusing it.
- weeksie 10y agoSorry mate, I don't think you have a good enough grasp on econ to have this discussion.