kaal:claim:5886442-017

When hyper rational agents can write and execute complete state contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates.

hyper-rational agents can write and execute complete state-contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates

Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025), Behavioral and Institutional Economics and Bounded Rationality, p. 15
https://ssrn.com/abstract=5886442 · source PDF

Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442

• requires that contracting and calculation costs for agents be negligible

failuresupport: arguedfailure: collapse of the hierarchy rationalefamily: research-design-limitationinstitutional-designgovernance-designeconomics

• extended_by kaal:claim:6421319-017 The Williamsonian justification for hierarchical governance evaporates when hyper rational agents can write an...

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