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Free markets can't "work" to solve these kinds of coordination problems unless NP=P, because taking information into account is an NP-hard problem.
by roguecoder 4y ago
Free markets can't "work" to solve these kinds of coordination problems unless NP=P, because taking information into account is an NP-hard problem.
- Gigachad 4y agoThis kind of approach has already worked for almost every product category. Your fridge has an energy rating sticker on it because it help you select the least energy using models and in turn incentivizes manufacturers to care about efficiency since consumers care and can now see. Currently as a renter, if you see a few properties online, you have no feasible way to factor energy usage in to your decision making so landlords have no reason to factor it in since it won't prioritize their property to renters.
- hattmall 4y agoThe power company could publish this data. I was able to get a flat rate quote on a property that I didn't live in yet using an online tool from Georgia power. It's basically the previous year energy cost divided by 12 and a 5-20% markup depending on past annual variations. It doesn't exactly equal efficiency but I knew what I could pay for an entire year of power.
- anonuser123456 4y agoYou do not have to find optimal solutions to find good ones.