4 ms·
There is no basis for believing that the payoff for coordination is elevated. If anything the opposite: we see that more centralized decision-making introduces
by the_optimist 5y ago
There is no basis for believing that the payoff for coordination is elevated. If anything the opposite: we see that more centralized decision-making introduces larger deadweight losses. See US-Afghanistan, as enabled by the tax base, as an example.
- curiousllama 5y ago> There is no basis for believing that the payoff for coordination is elevated Libraries, fire stations, universal K-12 education? Certainly imperfect, but def benefit from coordination. Health care too - a lack of universal coordination makes life difficult. On the private sector side, many companies are great examples of coordination payoffs (I trade entrepreneurial risk/reward for consistent benefits).