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 "@id": "https://wulfkaal.github.io/entities/economic-efficiency",
 "identifier": "kaal:entity:economic-efficiency",
 "name": "Economic efficiency",
 "termCode": "economic-efficiency",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782205-006",
   "identifier": "kaal:claim:3782205-006",
   "text": "The eight institutions are necessary conditions for business, which grinds to a halt without them, yet when they run well they consume only a tiny fraction of the economy's resources.",
   "abstract": "These eight institutions are necessary for business. Business grinds to a halt without them, but they require a tiny fraction of the resources in the economy when they are running well.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
   "datePublished": "2021",
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4900878-011",
   "identifier": "kaal:claim:4900878-011",
   "text": "In a quantum game model of a two firm market, monopoly emerges once informational asymmetry passes a threshold, and the result is lower total quantity and reduced economic efficiency.",
   "abstract": "monopoly appears when the informational asymmetry reaches a certain threshold, leading to a decrease in total quantity and economic efficiency.",
   "citation": "Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878",
   "datePublished": "2024",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "two firm market with informational asymmetry",
    "within the quantum game model of Du, Ju, and Li"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4900880-016",
   "identifier": "kaal:claim:4900880-016",
   "text": "In a quantum game model of a market with informational asymmetry between two firms, monopoly emerges once the informational asymmetry passes a threshold, and total quantity and economic efficiency fall as a result.",
   "abstract": "The model shows that monopoly appears when the informational asymmetry reaches a certain threshold, leading to a decrease in total quantity and economic efficiency.",
   "citation": "Wulf A. Kaal, Quantum Economy and the Future of Work (2024). SSRN: https://ssrn.com/abstract=4900880",
   "datePublished": "2024",
   "claim_type": "mechanism",
   "confidence": "evidenced",
   "is_failure_mode": false,
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 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'economic-efficiency'. Derived node: a roster, not an adjudicated definition."
}