fabio guillermo rojas wrote:
>
> > Is there really a transitional gains trap? If a majority of NYers
> > seriously wanted free entry in cabs, wouldn't it happen regardless of
> > the opinions of cab companies?
> > Prof. Bryan Caplan
>
> Uh-oh. The Median Voter Theorem rears its ugly head again.
>
> Couldn't we just say that taxi cab owners are a small well organized
> group with huge incentives for the status quo, while NYers are a large
> group with weak preferences? Ie, why can't just invoke Mancur Olson
> here?
Read Donald Wittman. His JPE piece boils it down well, and it's on
Jstor.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He lives in deadly terror of agreeing;
'Twould make him seem an ordinary being.
Indeed, he's so in love with contradiction,
He'll turn against his most profound conviction
And with a furious eloquence deplore it,
If only someone else is speaking for it."
Moliere, *The Misanthrope*
