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Business Tech Brief By HackerNoon
HackerNoon
138 episodes
2 days ago
Learn the latest Business updates in the tech world.
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All content for Business Tech Brief By HackerNoon is the property of HackerNoon and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Learn the latest Business updates in the tech world.
Show more...
Marketing
Business
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The Monotonicity Theorem: How a Simple Condition Guarantees Equilibrium Uniqueness and Efficiency
Business Tech Brief By HackerNoon
2 minutes
2 months ago
The Monotonicity Theorem: How a Simple Condition Guarantees Equilibrium Uniqueness and Efficiency

This story was originally published on HackerNoon at: https://hackernoon.com/the-monotonicity-theorem-how-a-simple-condition-guarantees-equilibrium-uniqueness-and-efficiency.
Further demonstrating that if the economy is strictly monotonic, the equilibrium is Pareto-efficient and also unique
Check more stories related to business at: https://hackernoon.com/c/business. You can also check exclusive content about #economics, #shapley-value, #economic-theory, #fair-economy, #nash-equilibrium, #game-theory, #monotonicity, #economic-equilibrium, and more.

This story was written by: @tokenomy. Learn more about this writer by checking @tokenomy's about page, and for more stories, please visit hackernoon.com.

Further demonstrating that if the economy is strictly monotonic, the equilibrium is not only Pareto-efficient but also unique, providing a critical condition for ruling out multiple equilibria.

Business Tech Brief By HackerNoon
Learn the latest Business updates in the tech world.