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The US is really big, if there's not a mis-configured regulation, adding overseas competition won't really increase efficiency as the perfectly sperical market
by Can_Not 9y ago
The US is really big, if there's not a mis-configured regulation, adding overseas competition won't really increase efficiency as the perfectly sperical market in a vacuum equation suggests.
- ttoinou 9y agoMaths have nothing to do with economics. I said efficiency as a way of comparing market offer from the point of view of customers (you can picture the formula "quality/price" if you want but that doesn't mean that it is objectively & mathematically defined), meaning that prices go down and/or quality increases mis-configured regulation Do you have examples of good protectionist regulation ? And no I gave a specific example with software patents so even if the US is big enough it can benefits from outside products
- Can_Not 9y agoIf we're talking about efficiency from the customer point of view, I can pay full price for American goods on Amazon but receive garbage-cheap Chinese knock-offs in the mail.
- ttoinou 9y agoI don't even understand what you are trying to prove. That some sellers are not trust worthy ? That there will always be an intermediary taking the profit ?