[…] this goes back to a basic principle of public economics: with an inelastic supply (and Ronan says Ireland needs roughly three times as many new homes to be built per year as is currently …), a subsidy to buyers will lead to a price increase that could offset most of the impact of the […]
Econ 101: Subsidies and taxes aren't paid by who you think - Cities ,
[…] this goes back to a basic principle of public economics: with an inelastic supply (and Ronan says Ireland needs roughly three times as many new homes to be built per year as is currently …), a subsidy to buyers will lead to a price increase that could offset most of the impact of the […]