The moral of the story is that bad things happen when politicians interfere with prices. We have forty centuries of evidence showingprice controls don’t work. When politicians try to curry favor by rigging prices, bad things happen. Rent controlslead to shortages of housing. Anti-gouging lawsl...
Model Components, Simulation and Green Building Proxy Key sections of the systems dynamics model are developed and presented in sequence: (1) the cost premium reinforcing loop and residential building stocks; (2) factors driving housing demand in Malaysia; (3) factors driving willingness to pay ...