Hi again, Brad,
>Seems to me that air safety is one place where the market gives
>airline executives and airplane manufacturing and maintenance
>executives exactly the right incentives: people aren't going to fly
>airplanes or airlines that crash regularly...
They only have to make sure they don't crash more often than the dwindling
array of competitors, Brad. Even if numbers do fall off (and I took the
1970 odds myself, so the odds have a way to fall - does anyone know the
demand elasticity on air-crash-death-expectation differentials?) - there's
profit to be had at the new post-attrition equilibrium, no?
Shit, it got light while I wasn't looking, which means I'm officially a day
behind schedule. Still, as Steven Wright says, 'fall behind early - it
gives you longer to catch up'.
Cheers,
Rob.
