Kinda. Benja pointed out the asymmetry + precommitment = symmetry part; I pointed out the symmetry + precommitment part. It just seems that precommitment + free trade makes all sorts of problems rather easy. Not all, of course—just who do you precommit to equalizing with, say, and of course how do you calibrate your relative utilities.
Kinda. Benja pointed out the asymmetry + precommitment = symmetry part; I pointed out the symmetry + precommitment part. It just seems that precommitment + free trade makes all sorts of problems rather easy. Not all, of course—just who do you precommit to equalizing with, say, and of course how do you calibrate your relative utilities.