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On a micro-scale, yes, but if there's an incentive to externalise costs that that's what'll happen, even that course of action in aggregate reduces everyone's p
by antepodius 7y ago
On a micro-scale, yes, but if there's an incentive to externalise costs that that's what'll happen, even that course of action in aggregate reduces everyone's profits. Tragedy of the commons.
- BurningFrog 7y agoTrue, but we have a lot of experience with designing legal frameworks and property rights that align individual and aggregate incentives.