The Cobra Effect: Lessons in Unintended Consequences

from from FEE on 2019-09-06 13:00 (#4PR9M)

Unintended consequences happen so often that economists call them "Cobra Problems," after a famous historic example. In colonial India, Delhi suffered a proliferation of cobras. To cut the number of cobras, the local government placed a bounty on them. Can you guess what happened?

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