"The Riff" with Byrne Hobart and Erik Torenberg cover image

E37: 2024 Election Updates, Partisanship on Wikipedia, and Amazon’s Media Business

"The Riff" with Byrne Hobart and Erik Torenberg

NOTE

Pricing Equilibrium and Market Fragmentation

The pricing equilibrium can shift towards a more monopolistic model, diverging from the free market clearing price. In the context of casino hotels, collusion to maximize revenue per available room would counterintuitively involve keeping prices low to encourage more time spent on the casino floor. In contrast, the residential real estate market is too fragmented for monopolization, especially in expensive cities where the large scale hinders any single investor from acquiring all properties.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner