stackyFACTSIf you hate the local mayor, just pack your boxes. The Tiebout model posits that people sort themselves into different municipalities based strictly on their exact preference for local taxes and specific civic amenities, literally voting with their feet.
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There is no fury quite like a local homeowner encountering a proposed apartment complex. Incumbent residents rationally weaponize local board meetings to…
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Welcome to the ultimate illusion of residential freedom. Homeowner associations leverage private contracts to control highly specific aesthetics, proving…
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You might think massive funds make their own decisions, but they essentially outsource their brains. A tiny handful of proxy advisory firms issue…
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It is terrifying how much classified reality is kept from the very people filling out the ballots. Asymmetric information completely heavily distorts local…
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We naturally assume the person in front of us knows a shortcut, even when they are entirely lost. Information cascades cause individuals to entirely ignore…
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Democracy is great, except when investors want to fire the current management. Staggered boards only allow a fraction of directors to be up for election each…
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