If potential renters or the existing ones prefer your parents’ unit to the other rental opportunities and they are denied it, they are worse off; otherwise, they aren’t.
To the extent that the indirect effects go beyond this, standard mainstream metrics in economics don’t measure them, because they are essentially independent of how well off others have become as a result of these rental decisions.
To the extent that the indirect effects go beyond this, standard mainstream metrics in economics don’t measure them, because they are essentially independent of how well off others have become as a result of these rental decisions.
Well, maybe there are no such consequences (which is not obvious to me), but that’s what I meant.
I didn’t ignore the indirect consequences:
To the extent that the indirect effects go beyond this, standard mainstream metrics in economics don’t measure them, because they are essentially independent of how well off others have become as a result of these rental decisions.
Well, maybe there are no such consequences (which is not obvious to me), but that’s what I meant.