Cournot Equilibrium
topic on 1 show · 1 statements across 1 episodes
1 statements about Cournot Equilibrium, every show
Amodei: AI market with three rational firms will not collapse to zero margins
“The point is it doesn't equilibrate to perfect competition with zero margins. If there's like three firms, if there's three firms in the economy, All are kind of independently behaving, behaving rationally. It doesn't equilibrate to zero.”