Fractal Monopoly vs Perfect Competition or Knowledge

By on
Fractal analysis demonstrates Information asymmetry: Monopoly and Perfect Competition

The diagram below shows the development of the fractal Koch Snowflake. Shape equilibrium (Perfect Knowledge) - but not absolute information as the fractal is infinite in detail or size - is reached at iteration 4 -  where the marginal benefit is equal to marginal cost.
 Perfect Knowledge or ‘perfect information'  is achieved only with free, open, competitive, or unobstructed feedback. Any obstruction to 'iteration' in achieving this equilibrium - due to what may be termed a knowledge monopoly - will produce an incomplete fractal shape, imperfect knowledge, asymmetric information.


At some stage in the future, when things calm down, I plan to come back to this entry and update and further explain it: there is just so much to do.

Comments

Post a Comment

Popular posts from this blog

Natural fractal lake, Arethusa Pool, the worlds only?

By on
Image
Is Arethusa Pool (New Zealand) and its island's the worlds only natural fractal lake? I was there with my family in January: it was a wonderful day, and very exciting for me - mathematically speaking. Arethusa Pool (and its island) is on Mou Waho Island, which is on Lake Wanaka, which is on the South Island of New Zealand, which is in the South Pacific Ocean. Water (the South Pacific Ocean), land (South Island New Zealand), water (lake Wanaka), land (Mou Waho Island) , water (Arethusa Pool), land (islands on Arethusa Pool); water in a puddle after rain (or when I filled it), land as small as a square centimeter inside the puddle, ..... water??   Arethusa Pool, and Lake Wanaka New Zealand 2015.   
Read more

Fractal Dimension, (Economic's) Elasticity and Complexity

By on
Image
Update May 2017 This is by far my best idea; I have written it up in a working paper at  my academia.edu  and  vixra , and named it:   Quantum Mechanics, Information and Knowledge, all Aspects of Fractal Geometry and Revealed in an Understanding of Marginal Economics. I shall post the Abstract, followed by the original post, followed by the paper. I hope to have someone collaborate and review my work in time. Abstract Fractal geometry is found universally and is said to be one of the best descriptions of our reality – from clouds and trees to market price behaviour. As a fractal structure emerges  – the repeating of a simple rule –  it appears to share direct properties familiar to classical economics, including production, consumption, and equilibrium. This paper was an investigation into whether the mathematical principles behind ‘the market’ – known as marginalism – is an aspect or manifestation of a fractal geometry or attractor. Total and marginal areas (assumed to stand fo
Read more

ePublic Goods. Is the internet making new public goods?

By on
Image
Keywords: Public Goods, Internet, Media, Copyright, Market Failure, File Sharing, ePublic Goods An Explanation of the Mass Failure in the Market: the Internet – the Creator of ePublic Goods   First published:October 9, 2010 Update:  May 2017. Blair D. Macdonald. 2017 October: I see Bitcoin and any crypto current as an ePublic Good - it will fail. Abstract Media and entertainment industries are in decline; profitability is down due to ‘freer access on computers. Is the internet producing ‘Public goods’ from what were Private goods? With respect to these goods and the Internet, the assumption used to classify ‘Private goods' and Public goods in an economy (the degree of excludability and rivalry) was analysed, and the respective industries were tested for being Public Goods. It was concluded these goods within the entertainment/media industries are slowly being repositioned from what are termed 'private' or 'club'/'congestion' goods, to t
Read more