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eigenrobot's profile
eigenrobot
eigenrobot
eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    eigenrobot‏ @eigenrobot 30 Jan 2020

    eigenrobot Retweeted 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭

    I appreciate this mode of reasoning but I think it fails here Use Bertrand if you like but UBI would result in a demand shock for a stock of goods that is close to fixed in the short term :/ Pretty generally a subsidy is won by the side of a market with lower elasticityhttps://twitter.com/yhdistyminen/status/1222899964440764416 …

    eigenrobot added,

    𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 @yhdistyminen
    *UBI is implemented* landlord A: "i will raise your rent by $1000 a month." landlord B: "i will raise it by only $900 a month." landlord C: "well, i will raise it by only $800 a month." and so on. https://t.co/2b22asRVV6 
    Show this thread
    2:28 PM - 30 Jan 2020
    • 3 Retweets
    • 65 Likes
    • Mac Tonight loaded dice genetic gambler Pirkka-Joose Sempé 27 5'3'' Andrew "The Kid" Glidden hairball aficionado 😷 John Geary Josh🥂 timberwind zywiec
    16 replies 3 retweets 65 likes
      1. eigenrobot‏ @eigenrobot 30 Jan 2020

        yes my model is incredibly simple and no rent would almost surely not uniformly increase by $1000/mo

        2 replies 0 retweets 25 likes
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      2. Look up Knuffelberen‏ @poiThePoi 30 Jan 2020
        Replying to @LucioMM1 @eigenrobot

        This is how I know you haven't seen housing starts since 2005.

        1 reply 0 retweets 4 likes
      3. Show replies
      1. New conversation
      2. Paul Hundred, GED‏ @paul_hundred 30 Jan 2020
        Replying to @eigenrobot

        Landlord: im raising rent 1000 You: if you do i'll move Landlord: have fun

        1 reply 0 retweets 10 likes
      3. Paul Hundred, GED‏ @paul_hundred 30 Jan 2020
        Replying to @paul_hundred @eigenrobot

        But i'm sure uhauls and moving services will still be priced exactly the same as before UBI and the great UBI rent hike...

        0 replies 0 retweets 5 likes
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      1. New conversation
      2. Josh You‏ @justjoshinyou13 30 Jan 2020
        Replying to @eigenrobot

        If a product is perfectly inelastic than the seller captures 100% of a *subsidy tied to that product* (eg a renter credit). However this doesn't apply to an unconditional cash transfer.

        1 reply 0 retweets 7 likes
      3. Josh You‏ @justjoshinyou13 30 Jan 2020
        Replying to @justjoshinyou13 @eigenrobot

        You'd model that as an increase in demand, not clear how much it would be but people obviously buy stuff other than housing.

        2 replies 0 retweets 6 likes
      4. Show replies
      1. Beholder‏ @OstavNadezhdu 30 Jan 2020
        Replying to @eigenrobot

        increasing ubi until rent is tens of thousands a month and nobody can afford it without either plugging into the federal system or else being extremely wealthy then we can campaign on making it free for everybody and woops just described college tuition haha

        0 replies 0 retweets 7 likes
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      1. golden phantom (50(1 + sqrt(5))/100)‏ @realjdburn 30 Jan 2020
        Replying to @eigenrobot

        golden phantom (50(1 + sqrt(5))/100) Retweeted Josh You

        this is my crude intuitionhttps://twitter.com/JustJoshinYou13/status/1223011561972867079?s=19 …

        golden phantom (50(1 + sqrt(5))/100) added,

        Josh You @justjoshinyou13
        Replying to @eigenrobot
        If a product is perfectly inelastic than the seller captures 100% of a *subsidy tied to that product* (eg a renter credit). However this doesn't apply to an unconditional cash transfer.
        0 replies 0 retweets 5 likes
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      1. ƨꭋɘƨꭋɘvdo‏ @obversers 30 Jan 2020
        Replying to @eigenrobot

        "landlords will never be able to raise rents, because competition" is the mirror image of the argument that "landlords will just raise rents as much as they want, because greed" if true, all else equal, it would have already happened

        0 replies 0 retweets 4 likes
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