Kyle's Lambda and Mesh Participation
Price impact is non-monotone in mesh share: depth improves then deteriorates as autonomous agents replace noise traders.
Impact Score
Score Reasoning
- Importance
- Detailed derivation extending the kyles-lambda article with the full mechanism. Well-connected with 3 inbound links.
- Novelty
- Extends the kyles-lambda article with full derivation but the core insight is the same; incremental novelty over the companion article.
- Quality
- Thorough derivation (4962 chars) with good cross-links to dollarization-spiral, monetary-productivity-gap.