Emergent Effective Collusion in an Economy of Perfectly Rational Competitors · HackerPapers discussionshttps://hackerpaper.kaipfister.de/p/nlin_0411006/Collected HN comments and submissions linking this paper.enMon, 02 Nov 2026 11:16:22 GMTEmergent Effective Collusion in an Economy of Perfectly Rational Competitors — mentioned by asgard1024https://news.ycombinator.com/item?id=9503311urn:hackerpapers:mention:nlin_0411006:9503311Thu, 07 May 2015 04:38:11 GMT<p>No. There is an excellent work by Steve Keen that shows how simple it is for non-communicating bots under perfect competition to collude: http://arxiv.org/pdf/nlin/0411006.pdf I wish that mainstream economists would accept that the collusion and not competition (aka price war) is the normal state of affairs and updated their school models accordingly.</p><p><a href="https://hackerpaper.kaipfister.de/p/nlin_0411006/">Paper and discussion history</a>. A mention is not an endorsement.</p>nlin.AO