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David Feldman's avatar

The Justice Department, according to the NYT, plans to file an antitrust lawsuit against RealPage, a real estate software company that gathers confidential information about occupancy and rental rates from paying subscribers. The company's algorithm suggests rental rates which are often higher than they would be in a competitive market. It seems to me that that reports like the Star report are apt to lead to inflationary collusion and price fixing. Perhaps "bugs" make for competitive markets.

Absent profitability info, the Star report cited above leads me to believe the "Your Property" is probably not charging enough.

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Ben Flexner's avatar

The comparison between the Encyclopedia Brittanica and Wikipedia, is apt, but also points out the dangers of the different approaches. Getting information into the Encyclopedia Brittanica required a certain amount of research and providence, you had to be able to show that you had done the due diligence and that your information was as accurate as you could make it, given the availability of data in the day and age. While generally regarded as a good source of information, Wikipedia is based on majority rule, and not on fact. There are several, well documented, cases of information on Wikipedia being materially incorrect, provably so, but if the majority on Wikipedia doesn't agree with the minority, the misinformation stays, and is presented as fact. Closed Source vs Open Source faces this exact dilemma. Just because lots of people say or do a thing, doesn't always make it the correct thing.

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