Published April 19, 2026
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A Non-Activation Theorem for Platforms
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We identify the conditions under which every economic field (including platforms) is behaviorally equivalent to a pure field. The conditions hold if and only if every searcher either has complete information, or has incomplete information with an infinite attention budget ($\lambda_j = \infty$) and zero opportunity cost ($K_j = 0$) (Non-Activation Theorem).
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A_Non-Activation_Theorem_for_Platforms.pdf
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2026-04-19