Michael Wiebe
@michael_wiebe
Economics (UBC), yimby, replication, effective altruism, data science. Support my replication work: https://michaelwiebe.com/hire-me/
This👇 is why we have a housing crisis. Yes, new luxury condos don't directly help the typical person. But they do help indirectly: (1) by preventing the rich from competing for existing housing. (2) by making homes available when people move in and vacate their previous unit.
Who's messed up on housing more? Justin Trudeau or Pierre Poilievre? Both lost hundreds of thousands of affordable homes that went to developers. Both have deep ties to rich real estate investors. Neither can be trusted to fix this mess they've created.
Now with examples in the thread 👇
Econ profs: if you're teaching intermediate micro, housing is a great topic for digging into the fundamentals. (link below)
Economists: What's your favorite walkthrough of a two-sector general equilibrium model with production and consumption? ie. with markets for inputs (rental rates w, r) and goods (prices p1, p2) #econtwitter
Awesome paper finding huge benefits from relaxing zoning constraints in NYC, even once you account for the big costs of redevelopment vrollet.github.io/files/city_str…
Should cities use revenue from parking/speeding tickets to fund a lottery? If people could get a big payday from fining bad drivers, they'd be a lot more supportive of traffic enforcement.
Of note, the editorial board at JPopE had decided not to retract the article. They instead invited the original author to write a new article. So the retraction by Springer goes against the initial decision of editors. The original author disagrees with this retraction.
Of note, the editorial board at JPopE had decided not to retract the article. They instead invited the original author to write a new article. So the retraction by Springer goes against the initial decision of editors. The original author disagrees with this retraction.