3 ms·
I doubt property ownership is concentrated enough for this to be possible. Tacit collusion can work with a duopoly but by the time you get to five participants
by barry-cotter 8y ago
I doubt property ownership is concentrated enough for this to be possible. Tacit collusion can work with a duopoly but by the time you get to five participants in a market it doesn’t work unless cartel agreements are legally enforceable and I doubt there are less than 5,000 residential property owners in Barcelona.
- bsanr2 8y agoI think you're missing the point. It's not collusion, it's simple socialization. But it's inherent in the station of being a property owner to want to extract as much out of one's property as possible, and through this simple socializing, ideas about what most effectively achieves that aim can spread through the networks of interested parties while largely remaining inside of them.