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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A race to the bottom usually refers to an individual seeking a more favourable outcome at the expense of others by upsetting an equilibrium to their own favour, only to cause retaliation by the other individuals, resulting in all participants having an overall less favourable outcome. For example, some people may buy larger cars for safety in a collision. However, to keep up, an increasing number of drivers also buy heavier, less efficient cars, and so safety on the…mehr

Produktbeschreibung
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A race to the bottom usually refers to an individual seeking a more favourable outcome at the expense of others by upsetting an equilibrium to their own favour, only to cause retaliation by the other individuals, resulting in all participants having an overall less favourable outcome. For example, some people may buy larger cars for safety in a collision. However, to keep up, an increasing number of drivers also buy heavier, less efficient cars, and so safety on the whole does not improve. This is a race to the bottom. The term only applies in cases where this competition results in negative results overall. Competition that results in overall improvements or benefits are referred to as races to the top or Leviathan models.