It's likely the cartel was only <1% of the egg price increase. It's good to go after, but it wasn't the main cause of price increases. Some background for the <1% estimate: - The fine was for 3M vs a 13B egg market -…
Not to mention, Austin could just make it cheaper to build to offset lower sell prices. Gruber et al estimate permits are 50% of an LA home's price. Fix permitting and rent goes down 50% by your assumptions that…
This is an empirical claim. It looks like new monthly permits are down from ~4k a month in 2021-2022 to ~3k a month. They're still up significantly from before 2020. The building boom has slowed but it's still elevated.…
It's likely the cartel was only <1% of the egg price increase. It's good to go after, but it wasn't the main cause of price increases. Some background for the <1% estimate: - The fine was for 3M vs a 13B egg market -…
Not to mention, Austin could just make it cheaper to build to offset lower sell prices. Gruber et al estimate permits are 50% of an LA home's price. Fix permitting and rent goes down 50% by your assumptions that…
This is an empirical claim. It looks like new monthly permits are down from ~4k a month in 2021-2022 to ~3k a month. They're still up significantly from before 2020. The building boom has slowed but it's still elevated.…