Contingent claims completeness becomes achievable in the agentic economy because agents generate, evaluate and execute state contingent agreements across astronomically large state spaces in real time, thereby creating complete markets endogenously.
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contingent-claims completeness becomes achievable. Where humans cannot specify contracts for every future state, AI2AI agents can generate, evaluate, and execute state-contingent agreements across astronomically large state spaces in real time, effectively creating complete markets endogenously
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Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025), General Equilibrium Theory and Static or Stochastic Equilibria, p. 18 https://ssrn.com/abstract=5886442 · source PDF
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Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442
Classification
mechanismsupport: arguedeconomics
Related claims
restated_bykaal:claim:6421319-026 Arrow Debreu market completeness ceases to be a theoretical construct and becomes operational reality, because...
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