The Ontario government changed rent controls with the aim of protecting existing tenants. But the policy change allows landlords to raise rents for new tenants. The unintended consequence provides landlords with incentives to try and get existing tenants to move. This may lead to reduced maintenance, ignoring tenant rights, [...]
In 2020, Ontario announced a 10 per cent cut in tuition fees for domestic students, while eliminating many OSAP tuition grants. While most students favour tuition cuts, this article points out that the changed policies most benefit higher-income families who never qualified for grants, while low income families who [...]
This article addresses tradeoffs between efficiency and equity by examining what gives when prices don't. There are examples of concert tickets, essential supply prices following natural disasters, Uber surge pricing, and more. Richard Thaler, Nobel Prize Winner in Economics for work in behavioural economics, is quoted extensively. [...]
In 2017, the Liberal Government in Ontario decided to expand rent controls beyond apartments built before 1993 to cover all apartment buildings. The housing industry objected, and argued that expanded rent controls would discourage new apartment construction by reducing profitability. All other things equal, that is a [...]
After meeting an Uber developer at a University of Waterloo hackathon, a student posted a paper - "The Effects of Uber's Surge Pricing - A Case Study" - by Jonathan Hall (Head of Economic Research, Legal and Public Policy at Uber Technologies), Cory Kendrick (Data Scientist at Uber Technologies) and Chris Nosko [...]
James Heckman (Nobel Prize-winning economist at the University of Chicago) argues passionately that governments should pay (unusual for a Chicago economist!) for early childhood education.