Intuitively, it seems that a classification problem with more classes is "harder" than the same problem with fewer classes. However, this also seems to depends on the separability of the classes by the model in feature space.
Despite my efforts, I haven't food a theoretical reference expanding on that relationship: I only found some empirical results on specific datasets stating that the problem got harder when adding more classes. Is there an existing theoretical reference specifically on that topic? If not, can we derive a relationship between the number of classes, their separability and the difficulty of a classification problem?