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Given there are enough property owners, this is expected. But in the presence of a few property owners, the opportunity for collusion is higher because the oppo
by AmpsterMan 3y ago
Given there are enough property owners, this is expected. But in the presence of a few property owners, the opportunity for collusion is higher because the opportunity cost of defecting is higher than the opportunity cost of not defecting. This centralization of property into a few owners is something that is happening all over the Anglosphere.