Very well said! I would only add that your point generalizes: the differences between the two cases is the extent to which it has implications for future interaction (“moving the Schelling point”): blackmail-like situations are those where we intuit an unfavorable movement of the point (per the blackmailed) while we generally don’t have such intuitions in he case of trade.
Very well said! I would only add that your point generalizes: the differences between the two cases is the extent to which it has implications for future interaction (“moving the Schelling point”): blackmail-like situations are those where we intuit an unfavorable movement of the point (per the blackmailed) while we generally don’t have such intuitions in he case of trade.