Re: A/C in Action: The AP Case
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Online poker is, for all intents and purposes, an unregulated market with relatively low barriers to entry. It is exactly the kind of open market one might expect to find in AC wonderland.
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One word (er, acronym), UIEGA, shows how far off your initial premises are. Online poker in the US is not "unregulated" it is in fact heavily regulated for it is illegal to operate an online poker room in the US- UIEGA is regulation, and extremely harsh and invasive regulation at that. Online poker in the US is an example of black market economics and black markets are not the same thing as free markets.
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