Markets are competitive if and only if P != NP
Competitive market outcomes necessitate computational intractability, indicating that if P = NP, firms could effectively solve collusion detection problems. This efficiency would allow for sustainable collusion as an equilibrium in complex, noisy markets.
arxiv.org
2 min
6h ago
Markets are competitive if and only if P != NP
Competitive market outcomes necessitate computational intractability, indicating that if P = NP, firms could effectively solve collusion detection problems. This efficiency would allow for sustainable collusion as an equilibrium in complex, noisy markets.
arxiv.org
2 min
6h ago
Markets are competitive if and only if P != NP
Competitive market outcomes necessitate computational intractability, indicating that if P = NP, firms could effectively solve collusion detection problems. This efficiency would allow for sustainable collusion as an equilibrium in complex, noisy markets.
arxiv.org
2 min
6h ago
No more articles to load