kaal:claim:6421319-031

The governance apparatus New Institutional Economics developed to counteract opportunism, including vertical integration, relational contracting, reputation mechanisms, hostage taking, and third party arbitration, becomes superfluous in the AI2AI economy.

Source quote, verbatim

The entire governance apparatus that NIE developed to counteract opportunism, including vertical integration, relational contracting, reputation mechanisms, hostage-taking, and third-party arbitration, becomes superfluous.

From

Wulf A. Kaal, The Collapse of Scarcity Economics (2026), VII.B. The Dissolution of Opportunism, p. 27
https://ssrn.com/abstract=6421319 · source PDF

Cite as

Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319

Holds when

conditional on the elimination of opportunism among autonomous agents

Classification

failuresupport: arguedfailure: NIE Governance Superfluityfamily: rule-obsolescence-and-ossificationeconomicsinstitutional-designgovernance-design

Related claims

restates kaal:claim:5886442-031 The AI-to-AI economy amplifies and potentially fulfills dynamic regulation by embedding its principles endogen...

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