The Devil Went Down to Grievance: Tuh, Taxes, and HOAs
The Answer Is Transaction Costs
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Private Clubs, Transaction Costs, and the Pricing of Services
This chapter explores the concept of anarchy and how negative characteristics similar to those of the state can arise within private clubs, such as homeowner's associations. It discusses transaction costs, the role of markets in providing security, wealth distribution, and pricing services based on production costs.
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