In a quantum game model of a two firm market, monopoly emerges once informational asymmetry passes a threshold, and the result is lower total quantity and reduced economic efficiency.
Source quote, verbatim
monopoly appears when the informational asymmetry reaches a certain threshold, leading to a decrease in total quantity and economic efficiency.
Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878
Holds when
two firm market with informational asymmetry
within the quantum game model of Du, Ju, and Li
Classification
empiricalsupport: evidencedeconomicsdisclosure
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restated_bykaal:claim:4900880-016 In a quantum game model of a market with informational asymmetry between two firms, monopoly emerges once the ...
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