h. Suppose that a court rules (as real-world courts have) that even wealthy communities must set aside
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h. Suppose that a court rules (as real-world courts have) that even wealthy communities must set aside some fraction of their land for “low income housing.” How would you expect the prices of “low income houses” in relatively wealthy communities (that provide high levels of local public goods) to compare to the prices of identical houses in low income communities? How would you expect the average income of those residing in identical low income housing to compare across these different communities?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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