[marginalium]
On Oligopoly And Social Norms
10 Nov 2022
On Oligopoly And Social Norms.
At least after they reach a certain point, distributional coalitions have an incentive to be exclusive … whatever quantity an entrant would sell must either drive down the price received by those already in … [or] there will be more to distribute to each member of the coalition if it is a minimum winning coalition
With implications for aristocratic intermarriage:
if the sons and daughters of the ruling group are induced to marry one another, the growth of the ruling group can be constrained in ways that preserve a legacy for all the families in it
Anthologies: Betterment, Thought Architecture, Wealth Architecture, Accidental Civilisation, On Culture, On Leadership, On Politics and Power