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
5h 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
5h 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
5h ago
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