Economic issues Essay Example | Topics and Well Written Essays - 250 words

Economic issues - Essay Example This is true owing to the two groups of spectators being charged $ 150 for lower-yard customers and $ 50 for upper-deck customers in professional sport stadia (Dobson and Goddard, 169). The discrimination method used in this case is the location of the seats of the spectators in the stadium to result in the different prices being charged for different spectators exemplifying a case of price discrimination. 2. Limiting property right on new buildings to 20 years will discourage investment in new buildings, as this will limit the benefits associated with investment in new buildings. The benefits that would be accrued from investment are property rights forming the main reason to augment the incentive to invest in new buildings. These advantages will be reduced when property rights are limited to 20 years reducing the incentive for investment in new buildings. The need to have property rights on new buildings spanning more than 20 years augment the incentive for people to invest in new buildings as they can be able to access rights from their investment in buildings increasing the number of houses being built by