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Overcoming Bias Commenter's avatar

It's not so binary: the costs of protective barriers and destroyed development are finite and are sometimes worth it. Some coastal development may be worth the cost of extra protective barriers, or it may be profitable enough to get a positive return before it is swallowed by the sea, the tax selects against development that is not profitable enough for either of these scenarios.

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RobinHanson's avatar

Yes that link is wrong; not in my power to fix it.

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