Yes, that’s right about the track-skipping condition for the exogenous case, and I agree that there is a strong case the end of factory farming will be endogenous. I think it is a good sign that the structure of my model represents some/all of the key considerations in your take on progress too — but with the different assumption about the current value changing the ultimate conclusion.
Yes, that’s right about the track-skipping condition for the exogenous case, and I agree that there is a strong case the end of factory farming will be endogenous. I think it is a good sign that the structure of my model represents some/all of the key considerations in your take on progress too — but with the different assumption about the current value changing the ultimate conclusion.