- **Equilibrium trust *T\* = δ/γ*** depends *only* on the immune system (δ) and deception's conversion efficiency (γ) — **not** on the institutional ceiling T̄. Raising T̄ (building more trust infrastructure) does *not* raise equilibrium trust; it just feeds more deception. This is a strikingly counterintuitive, testable prediction. *(This is the classic "enrichment paradox" of predator–prey systems, and it's substantively meaningful here.)*
- **Equilibrium deception *D\*** increases with ℛ₀** — the easier deception reproduces, the more of it the market sustains.