Gary Leff explains why here. The key question, however, is whether such fees should be declared illegal or should be otherwise regulated. That is, what is the optimal level of regulation in this case. (Put another way, what would the late Ronald Coase say?)
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Hey, where did you get your priors?
Obsession driven to infinity
BY GRACE THROUGH FAITH
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hoping we know we're living the dream
Lover of math. Bad at drawing.
Natalie. Writer. Photographer. Etc.
Morality | Love | Travels
Blog about economic history & comparative development
We hike, bike, and discover Central Florida and beyond
A blog about economics, politics and the random interests of forty-something professors
Making it big in business after age 40
Reasoning about reasoning, mathematically.
I don't mean to sound critical, but I am; so that's how it comes across
Your muse for all things beautiful.
A little place for big ideas.
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remember the good old days...
"Let me live, love and say it well in good sentences." - Sylvia Plath
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a personal view of the theory of computation
Logic at Columbia University
Just like the Thesis Whisperer - but with more money
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the sky is no longer the limit
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Just like the horse whisperer - but with more pages
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