Yep, absolutely Alice is injured. In many market scenarios this is true. Usually, of course, Alice is both a producer and a consumer so broad protectionist laws will hurt her. But sometimes, the “pure buyer” idea is true. So, for instance, incumbent renters have a strong incentive to advocate rent control; otherwise, a frothy real estate market will force them to find new housing.
Yep, absolutely Alice is injured. In many market scenarios this is true. Usually, of course, Alice is both a producer and a consumer so broad protectionist laws will hurt her. But sometimes, the “pure buyer” idea is true. So, for instance, incumbent renters have a strong incentive to advocate rent control; otherwise, a frothy real estate market will force them to find new housing.