“Hanson believes that the principal-agent literature (PAL) provides strong evidence against rents being this high.”
I didn’t say that. This is what I actually said:
“surely the burden of ‘proof’ (really argument) should lie on those say this case is radically different from most found in our large and robust agency literatures.”
“Hanson believes that the principal-agent literature (PAL) provides strong evidence against rents being this high.”
I didn’t say that. This is what I actually said:
“surely the burden of ‘proof’ (really argument) should lie on those say this case is radically different from most found in our large and robust agency literatures.”