"The Cobra Bounty - How paying for dead snakes created more snakes" is the definitive book on the "Cobra Effect." The story is legendary: The British colonial government in Delhi was worried about the number of venomous cobras. To solve the problem, they offered a cash bounty for every dead cobra skin brought in. Initially, the snake population dropped.Economist Nikhil Scale explains the twist: Entrepreneurial locals began breeding cobras in their homes just to kill them and collect the money. When the government realized this and canceled the program, the breeders released their...
"The Cobra Bounty - How paying for dead snakes created more snakes" is the definitive book on the "Cobra Effect." The story is legendary: The British ...