Arrow Debreu market completeness ceases to be a theoretical construct and becomes operational reality, because AI agents can generate, evaluate, and execute state contingent agreements across astronomically large state spaces in real time.
Source quote, verbatim
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.
Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319
Holds when
applies where agents can run millions of forward simulations per second
Classification
mechanismsupport: arguedeconomics
Related claims
restateskaal:claim:5886442-021 Contingent claims completeness becomes achievable in the agentic economy because agents generate, evaluate and...
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