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Second-order effects are difficult to study in general. My comment was driven entirely by fundamental economic modeling: price controls generate harms by forbid
by ThrustVectoring 9y ago
Second-order effects are difficult to study in general. My comment was driven entirely by fundamental economic modeling: price controls generate harms by forbidding beneficial trades, and people move to reduce their commute. There are other reasons why people move, and I expect to find these situations as well. For instance, people tend to downsize their housing after their children move out, but who would downsize when the smaller apartment is more expensive?