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rcthompson
on Jan 21, 2012
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Cartels Are an Emergent Phenomenon, Say Complexity...
An interesting related question might be: what happens when a subset of buyers can react quickly, but the rest react slowly? And ditto for a subset of sellers.
dingfeng_quek
on Jan 22, 2012
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The fast ones become rich. They perform trades equivalent to front-running and/or scalping. The enterprising fast becomes a middleman to the slow.
andrewcooke
on Jan 21, 2012
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the slow ones go out of business.
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