The paper is a study of a particular mathematical model and simulation.
The suggested association of the mathematical model to the model of markets (with many suppliers) where the buyer has a "slow reaction time" results in a price that would, in some sense, be analogous to the price generated by cartels.
The implication is likely that such a market doesn't reach the perfectly competitive price, which is what a simpler model that doesn't consider the buyer's reaction time would predict.
Neither the article nor the paper claims that this emergent phenomenon occurs (can occur) in all, or even the majority of, markets.
Quote: "Under certain market conditions, cartels arise naturally without collusion. This raises important questions over how the behavior should be controlled"
Neither the article nor the paper claims that cartels always "emerge" as "a product of the system". No systems were mentioned, and no definition of product was given.
Neither the article nor the paper claims that cartels do not emerge "as a product of immorality or deceit".
It seems plausible that people might not enjoy a misrepresentation of the authors, who did put in effort (authoring such a paper is never done in a night).
The suggested association of the mathematical model to the model of markets (with many suppliers) where the buyer has a "slow reaction time" results in a price that would, in some sense, be analogous to the price generated by cartels.
The implication is likely that such a market doesn't reach the perfectly competitive price, which is what a simpler model that doesn't consider the buyer's reaction time would predict.
Neither the article nor the paper claims that this emergent phenomenon occurs (can occur) in all, or even the majority of, markets.
Quote: "Under certain market conditions, cartels arise naturally without collusion. This raises important questions over how the behavior should be controlled"
Neither the article nor the paper claims that cartels always "emerge" as "a product of the system". No systems were mentioned, and no definition of product was given.
Neither the article nor the paper claims that cartels do not emerge "as a product of immorality or deceit".
It seems plausible that people might not enjoy a misrepresentation of the authors, who did put in effort (authoring such a paper is never done in a night).