Time to re-read “Size, Sunk Costs, and Judge Bowker’s Objection to Free Trade,” by @johnmclaren.bsky.social Thirty years ago I thought it was a clever paper, but never guessed it would become so relevant to US-Canada relations.
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Heh -- I wouldn't mind if it was a lot less relevant! Have you seen the new paper by Clayton, Maggiori and @jesseschreger.bsky.social , which pushes the ideas much farther?
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