kaal:claim:3782191-036

Centralization is dangerous in any market because monopolies ruin market efficiency by impairing liquidity, while the most efficient and liquid markets have high transaction rates of many goods moving between many small players.

In any market, centralization is dangerous. Monopolies ruin the efficiency of a mar- ket—they impair its liquidity.

Craig Calcaterra, Wulf A. Kaal, Preface to (2021), Qualities of decentralization: stability, efficiency, versatility, p. 20
https://ssrn.com/abstract=3782191 · source PDF

Craig Calcaterra, Wulf A. Kaal, Preface to (2021). SSRN: https://ssrn.com/abstract=3782191

• markets

failuresupport: arguedfailure: monopoly-liquidity-impairmentfamily: liquidity-and-market-structure-failureeconomicsdefidecentralization

• extended_by kaal:claim:4067783-037 Centralization and monopolies are a threat to market liquidity because they can carry too much mass or too muc...

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