threats being harmful to their target, the execution of threats seems to constitute an inefficiency:
also when the threats are targeted at (Pareto-dominated) inefficiency, i.e. at (conditional on) any actions other than (coordinating on) the most efficient?
As a concrete counter-example, there are productivity/self-control tools, wherewith people elect to target and/or execute threats on themselves to help elicit better behavior. The legal system is basically also collective threats that help us behave better, but is it inefficient such that we should do better without? I think the opposite, such that any one threat can not only be harmful, but also neutral or beneficial.
also when the threats are targeted at (Pareto-dominated) inefficiency, i.e. at (conditional on) any actions other than (coordinating on) the most efficient?
As a concrete counter-example, there are productivity/self-control tools, wherewith people elect to target and/or execute threats on themselves to help elicit better behavior. The legal system is basically also collective threats that help us behave better, but is it inefficient such that we should do better without? I think the opposite, such that any one threat can not only be harmful, but also neutral or beneficial.