“It's hard to beat signaling equilibria - because they're 'multi-factor markets' - which are special cases of coordination problems that create 'inferior Nash equilibria' - which are so stuck in place that market controllers can seek rent on the value generated by captive participants.” CollegeRent SeekingAcademic Publishing Book:Inadequate Equilibria: Where and How Civilizations Get Stuck Source: Inadequate Equilibria: Where and How Civilizations Get Stuck