Re:Recycling Eyeglasses Is a Waste of Money
by WalterBright on Sunday July 03, 2016 @04:47AM
(#12025272)
The taxi business is easy to get into (absent government regulations trying to prevent that). It's hard to see how dumping could prevent competition from rebounding quickly after the dumper's investors get tired of the losses.
[ Parent
| on HN ]
I can't reply to your last comment below so I'll reply here.
To me it seems that you are using some game theory ideas to explain how markets behave. The problem is that you forget to incorporate concepts from the "reality" you speak of in the last reply - more precisely timespace.
If you incorporate timespace, the enounciation becomes "the probability of the market punishing dumpers increases with time and becomes certainty after an infinit milenia have passed"
You're just arguing that dumping can be fought with dumping and hence it's not rational for economic agents to engage in dumping. When did a rational argument stop the market from doing something?
Re:Recycling Eyeglasses Is a Waste of Money
by WalterBright on Sunday July 03, 2016 @06:10AM
(#12025471)
The thing about free markets is reality tends to punish irrational business practices.
I can now reply to your comment here, so I will reply again :)
You say that reality tends to punish irrational practices which means that some escape this punishment. Hence I will conclude that with time irrational business practices accumulate in the free market.