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Do everything correctly (the basis of a 2:1)
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Do a lot of critical thinking
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Do everything correctly (the basis of a 2:1)
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Do a lot of critical thinking
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creation of supply shortages/excess demand, but lower prices for renters - think of New York's rent ceiling
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in the long term, everything is flexible, so landlords can seek rent elsewhere
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what will happen if the price ceiling is above/below equilibrium price?
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What are the limitations of the model? e.g. ceterus paribus
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What happened to New York's policies on rent ceilings?
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Are price ceilings good overall? Deadweight?
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What have other researchers or authors said about this?
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Is there recent research on price ceiling policies? If so, what are their criticisms and positives? In what context has this been applied? Is this only applicable to property? How is it outside of property?
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Are there situations or variations where these sort of policies work or proven not to work?
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What questions did you raise that future research should look into? Is this important? Based on the above, do you have a weighted opinion?
•
creation of supply shortages/excess demand, but lower prices for renters - think of new york's rent ceiling
•
in the long term, everything is flexible, so landlords can seek rent elsewhere
•
what will happen if the price ceiling is above/below equilibrium price?
•
what are the limitations of the model? E.g. Ceterus paribus
•
what happened to new york's policies on rent ceilings?
•
are price ceilings good overall? Deadweight?
•
what have other researchers or authors said about this?
•
is there recent research on price ceiling policies? If so, what are their criticisms and positives? In what context has this been applied? Is this only applicable to property? How is it outside of property?
•
are there situations or variations where these sort of policies work or proven not to work?
•
what questions did you raise that future research should look into? Is this important? Based on the above, do you have a weighted opinion?