# kaal:claim:5886442-017

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

**Type.** failure  **Support.** argued

**Holds when.**

- requires that contracting and calculation costs for agents be negligible

**Source quote.**

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

**From.** Wulf A. Kaal, *The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory* (2025), Behavioral and Institutional Economics and Bounded Rationality, page 15

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

**Verify.** sha256 of source PDF `d2f6edebc562152f6ea706cc3ad944f7a1b81979931571e54cb782849839dfce` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202025%20-%20The%20AI-to-AI%20Economy%20and%20the%20Collapse%20of%20Anthropocentric%20Economic%20Theory.pdf

**Failure mode.** collapse of the hierarchy rationale  (family: research-design-limitation)

**Topics.** institutional-design, governance-design, economics

**Keywords.** williamson, hierarchy, governance, transaction-cost-economics, incomplete-contracts

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/6421319-017

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.