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Economics->MBA->Analyst->Business aaahh... Looks like a damn CV. Let me try again. Foodie-Moviefreak-Travel & Photography enthusiast->and of course a Blogger.

Sunday, November 8, 2009

What could be a possible explanation

Very often the landlords do not go in for technological innovation because they feel it won’t reap any substantial returns as the tenants would not evict and thus continue to pay the same old rent. However looking this from a different perspective we can also say that a rational tenant would innovate. This is because if the latter is so confident of not being evicted, he should logically be ready to spend on the innovation as he would be one reaping all the benefits. But in practice, we see a widespread technological stagnation both in agricultural land as well as urban housing.

So what could be a possible explanation for the same???

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