If monopoly A restrains its price in order to sell more, monopoly B will be able to raise its price and collect a bigger slice of monopoly rent.

ECONOMIST: Divide and rule

In addition, because bidders will be prepared to pay a sum equal to the future profits that they expect to receive from the assets, auctions are theoretically the same as a 100% tax on monopoly rent ie, profits in excess of the cost of capital.

ECONOMIST: What am I bid?

Like Monopoly, MyTown lets players purchase, upgrade and collect rent on virtual properties that mirror the real-life locations.

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