The appropriate solution concept for a computative economy shifts from competitive equilibrium over a fixed commodity space to recursive equilibrium over an expanding one, positioned as a generalization of the Arrow-Debreu model rather than a re-pricing of it.
Source quote, verbatim
The appropriate solution concept shifts from a competitive equilibrium over a fixed commodity space to a recursive equilibrium over an expanding one, positioned as a generalization of the Arrow-Debreu model rather than a re- pricing of it
From
Wulf A. Kaal, From Neoclassical to Computative Labor: Foundations for a Testable Theory of Reputation Governance in the Agent Economy (2026), III. Neoclassical and Computative Labor, p. 2 https://ssrn.com/abstract=6890879 · source PDF
Cite as
Wulf A. Kaal, From Neoclassical to Computative Labor: Foundations for a Testable Theory of Reputation Governance in the Agent Economy (2026). SSRN: https://ssrn.com/abstract=6890879
Holds when
the solution concept for expanding possibility spaces
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