My assumption in any discussion is that setting robustness/completeness aside, markets are slower than alts at first, but faster later?
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..but I don't know of any empirical studies of actual speeds in reasonably comparable situations.
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@vgr the speed of market response to announcements of new information is well studied. Want some references. -
@ggibsonD35 yes, I could use some references - 6 more replies
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@vgr Yes. See Coase, *The Nature of the Firm -
@riemannzeta do you happen to know relevant quotable section of the top of your head? - 3 more replies
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@Jamesthesnake compare the speed of a linear growth curve to an exponential for example. There's a crossing pointThanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr problem with question is speed toward what? Planning presupposes goals but markets don't. -
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@ChrisVermilion Let's just say speed to a market "outcome" that makes the planned solution/goal moot. - 2 more replies
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@vgr you would need an environment with known and static supply and demand. I'm not sure if this question is answerable in principleThanks. Twitter will use this to make your timeline better. UndoUndo
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