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...building of another oil refinery in California, because of environmental regulations. Or perhaps, if they allowed it, it would be astronomically expensive. Whereas, at the time of building, regulations were laxer. What do you call that?
Or another example: what do you call the competitive advantage accrued by a beautiful 1800s era brick building that today, is impossible to replace, not only because of its historical advantage, but because of the cost of using humans to, brick by brick, reconstruct it?
seen these described as "irreplaceable assets"; "trophy properties" also used
Thank you. I'm going to go with "irreplaceability". Feels like a good name for the concept.
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