H-market model for overcoming economic inequality with growth
Apr 21, 2023 HIRANO Satoshi
H-market model for economic inequality. Buyers can buy at lower prices than before, while most sellers can increase their sales.
The Hirano market model is a demand-centric market theory (hypothesis) that aims to solve economic inequality.
Buyers can buy at lower prices than before and most sellers can increase their sales even at the same prices.
The model is based on the insight that the economic disparity problem is worsened by the power law distribution of the click-through rate of the search result ranking.
The model matches a request (demand) using weighted randomness with multiple suppliers, including low-ranking suppliers. To avoid deflation caused by excessive price competition, the model uses matching and two auctions.
By raising the income of the low- and middle-income earners, the model will boost the local economy and create a positive feedback loop in which the income of the high-income earners will also rise.
It has capability of adjusting prices and inflation that could be complementary with adjusting the inflation rate by central banks. I added brief description on that to our summary page of the H-market model.
Also I added explanation about how sellers are selected using an example of darts and improved existing description.
Enjoy!
Hirano market model: A market model for overcoming economic inequality with growth