> 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? Fabio
