There may be another equilibrium where they make more in total, but no guarantee that it will be reached if they lower their fee. Say you were getting a millio

There may be another equilibrium where they make more in total, but no guarantee that it will be reached if they lower their fee. Say you were getting a million dollars a year totally passively and I offered you an option where your income would temporarily drop to 1% of that but had an 80% chance of recovering to 1.2 million per year after a couple years and a 20% chance of recovering to only 100k/yr. Would you take it? And what if the whole income stream had fair odds of drying up after a couple more years regardless? Sometimes issues like this are solved by finding a risk seeking buyer to take most of the upside in exchange for giving the owner a more secure position. But when the maximum payoff of the high-risk-route isn't high enough it won't attract risk seekers.