Microeconomics I partie 9/9
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| Cartes-fiches | 18 |
|---|---|
| Langue | English |
| Catégorie | Economie politique |
| Niveau | Université |
| Crée / Actualisé | 06.06.2019 / 02.10.2023 |
| Attribution de licence | Attribution - Pas d'Utilisation Commerciale - Pas de Modification (CC BY-NC-ND) (Unversité de Genève, cours de Pr. Monika Mrazova) |
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If government ask for a tax (appartments)
landlords suport burden of tax
zéro passthrough: rare because supply is fixed
If renters buy some houses
Supply (<-) because less appartments to rent
Demand (<-) because they don't ask for appartment anymore
Price doesn't change
Q diminishes
Monopolistic market equilibrium
Imperfectly competitive market
a monopolistic landlord
a perfectly discriminatory monopolistic landlord
a competitive market subject to rent control
More close appartments graph
Comparative statics: more close appartments
Supply is greater, so the price for close apartments falls
Comparative statics: price of distant appartment rises graph
Suppose de price of distant appartments rises
Demand for close apartments increases (rightward shift), causing
a higher price for close apartments
