alt Hacker NewsIf all manufacturers except one were altruistic good guys, the one malevolent bad guy would undercut the altruists and drive them out of business.
Regulation is the solution to this prisoner’s dilemma.
If all manufacturers except one were altruistic good guys, the one malevolent bad guy would undercut the altruists and drive them out of business.
Regulation is the solution to this prisoner’s dilemma.
Heavy regulations are the reason why we have the John Deere semi monopoly. The regulatory entry cost is in the millions for any new player to enter the market so no one wants to compete and provide better service.