{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/6421319-031",
 "identifier": "kaal:claim:6421319-031",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "The Collapse of Scarcity Economics",
  "datePublished": "2026",
  "url": "https://ssrn.com/abstract=6421319",
  "sha256": "0f4f68e56ee48bb8b2d73d3ab7fd96fa572e76c195694ffa740360704c1b172d",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20The%20Collapse%20of%20Scarcity%20Economics.pdf"
 },
 "keywords": [
  "economics",
  "institutional-design",
  "governance-design"
 ],
 "about": [
  "new-institutional-economics",
  "governance",
  "opportunism",
  "coase-theorem"
 ],
 "abstract": "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.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "conditional on the elimination of opportunism among autonomous agents"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/c754ef546a1aa974291351f3b9ef184f247b25cfd6f1494b09bbef028d02a651.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "restates",
     "to": "https://wulfkaal.github.io/claims/5886442-031",
     "to_id": "kaal:claim:5886442-031",
     "similarity": 0.367
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "c754ef546a1aa974291351f3b9ef184f247b25cfd6f1494b09bbef028d02a651",
 "canonicalForm": "https://wulfkaal.github.io/claims/6421319-031.md"
}