The bandwidth auction model is heat producing. We know that radio technology decreases signal to noise, or better encodes for it. The result is smaller channel sizes today than yesterday.
We have the same type of partition as the Swamp, a low precision allocation of bandwidth moving to a high precision. We will have the same type of S/L function on the binomials. Our Nobels would run closed multi priced auctions to set the ratio of old allocations to new.
What is the proper ratio of old to new allocations? When that ratio has a larger second derivative. This assumes the auction is always running. In that case we have a golden ratio just like the Solow model. But the second derivative of that ratio is moving inventory as fast as measurably possible to maximize bandwidth utilization, in the long balance.
We cannot make that adaption for the Swamp, it is heat absorbing. So thanks to our Nobels we have a partial cure for government imbalance, and it is an inflation tax.
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