In a quantum game model of a market with informational asymmetry between two firms, monopoly emerges once the informational asymmetry passes a threshold, and total quantity and economic efficiency fall as a result.
Source quote, verbatim
The model shows that 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 the Future of Work (2024). SSRN: https://ssrn.com/abstract=4900880
Holds when
two firm market with informational asymmetry
asymmetry above the threshold
Classification
mechanismsupport: evidencedeconomicsdisclosure
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restateskaal:claim:4900878-011 In a quantum game model of a two firm market, monopoly emerges once informational asymmetry passes a threshold...
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