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For price discrimination to succeed, a seller must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. [9] Some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination can be utilized by a monopolist to recapture some deadweight loss.
The harsh terms of these contracts and inflated prices often led to foreclosure, so these houses had a high turnover rate. [ 2 ] [ 7 ] With blockbusting, real estate companies legally profited from the arbitrage , the difference between the discounted price paid to frightened white sellers and the artificially high price paid by black buyers ...
The Fair Housing Amendment Act of 1988 did make a system of administrative law judges to hear housing discrimination cases to help against the illegal actions. Other examples of federal legislation may include increased federal legislation enforcement, scattered-site housing, [ 21 ] or state and local enforcement on a more concentrated level ...
This discrimination was based on the fact that realtors believed they would be losing future business by dealing or listing with African Americans, and that it would be unethical to sell a house in a European American neighborhood to African Americans because it would drive the property values of the surrounding houses down.
The third strand focuses on the role of unrealistic expectations about future house price growth." [ 3 ] Of the three strands, "the main underlying cause for the 'affordability crisis', which has been mounting for decades, is a combination of strong and growing demand for housing in desirable areas in conjunction with tight long-run supply ...
The IFC loaned Tata Power, one of India’s largest companies, $450 million to help build the plant. The U.S. and other global powers launched the World Bank at the end of World War II to promote development in countries torn by war and poverty.
Most discrimination based on price occurs in situations without a standardized price list that can be compared against. In the cases of per diem charges, this is easily concealed as few consumers can exchange estimates and work rates, and even if they do the business in question can claim that the services provided had different baseline costs ...
“If you go back all the way to the 1950s and 1960s, the average home price was just a little over two times the average salary of a family,” says David P. Weber, a professor of law at ...