The AMA artificially restricts the supply of doctors through their licensing monopoly, in order to keep salaries high.
This is bad and shouldn't be emulated in other industries.
This is bad and shouldn't be emulated in other industries.
The entire point of game theory is to align incentives. It is not to simply paint pictures of ideals and deny that humans are human.
I understand that the AMA has incentives that are not nearly as noble as simply ensuring the world has a steady stream of doctors. Nonetheless, the answer is not to simply say "the AMA has some impure incentives" as an actual dismissal of a different argument.