November 13, 2007

The equilibrium looks like assassination  

Tyler Cowen on his childhood:

When I was a little kid I saw TV coverage of the assassinations of Bobby Kennedy and Martin Luther King. I recall wondering why every famous politician, or at least every reachable famous politician, isn't assassinated. Or why isn't the equilibrium quantity of product sabotage -- accompanied by options trading of course -- very high? The sabotage doesn't have to hurt people to lower share prices.
I sure hope Kasparov doesn't get assassinated.

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