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Blog - Cartels Are An Emergent Phenomenon, Say Complexity Theorists
20. 1 2012 (06:10)
Under certain market conditions, cartels arise naturally without collusion. This raises important questions over how the behaviour should be controlled
The price of gas is a puzzle. Monitor the average price in gas stations in a particular city and it will vary dramatically, sometimes in a matter of hours and often in ways that appear cyclical.
