Self-valuation paired with a buy-out threat aligns renters to price honestly.

Evidence

Once a year, as a current occupier in the commercial zone, you must visit PASS and submit your valuation of your property based on two rules. First, PASS will compute your monthly rent as a fixed portion of your self-declared market value - with no audits, no red tape, no haggling, no estate agents. Great, right? But here comes the second rule: anyone can, at any point in the future, visit PASS and offer a higher valuation, in which case you are out and they are in within six months. — Yanis Varoufakis, Technofeudalism, 743

Categorization

• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 743
• XREF: connects to: Buying protection against oneself signals credibility and creates a new efficient equilibrium. — Diego Gambetta, The Sicilian Mafia The Business of…, 50

Broader Connections

• Buying protection against oneself signals credibility and creates a new efficient equilibrium. #expands (0.80) — Diego Gambetta, The Sicilian Mafia The Business of…, 50