kaal:claim:4755632-032

Price discovery is a public service function because without public pricing consumers cannot realistically select the service provider offering the highest value, and the resulting lack of transparency enables insider deals to the detriment of clients forced into prices dictated by a group of firms.

without public pricing, consumers cannot realistically select the service provider that provides the highest value to the job poster. The lack of transparency enables insider deals to the detriment of the clients, who are forced into the price a group of firms dictates.

Wulf A. Kaal, AI Learning - Decentralized Governance to Optimize Human Output Datasets for AI Learning (2024), Price Discovery, p. 43
https://ssrn.com/abstract=4755632 · source PDF

Wulf A. Kaal, AI Learning - Decentralized Governance to Optimize Human Output Datasets for AI Learning (2024). SSRN: https://ssrn.com/abstract=4755632

• applies to markets without publicly transparent pricing

mechanismsupport: arguedfailure: Opacity Enables Insider Dealsfamily: information-asymmetryeconomicsdisclosure

• restates kaal:claim:4734750-026 Public price discovery is a necessary condition for consumer choice: without public pricing, consumers cannot ...
• extends kaal:claim:3995709-034 Public price discovery is a necessary public service function, because without public pricing consumers cannot...

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