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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-020",
   "identifier": "kaal:claim:5886442-020",
   "text": "The Walrasian auctioneer disappears in the AI2AI economy because autonomous agents orchestrated by large language models and running on globally distributed compute negotiate directly and simultaneously across all markets at machine speed.",
   "abstract": "First, the auctioneer disappears. Autonomous agents, orchestrated by large language models and running on globally distributed compute, negotiate directly and simultaneously across all markets at machine speed",
   "citation": "Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442",
   "datePublished": "2025",
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   "text": "Contingent claims completeness becomes achievable in the agentic economy because agents generate, evaluate and execute state contingent agreements across astronomically large state spaces in real time, thereby creating complete markets endogenously.",
   "abstract": "contingent-claims completeness becomes achievable. 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",
   "citation": "Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442",
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   "text": "General equilibrium theory becomes an accurate description only of agentic markets; for the human layer that remains bound by time, cognition and sequential processing it retains its status as an unattainable ideal.",
   "abstract": "human layer that remains bound by time, cognition, and sequential processing, the theory retains its status as an unattainable ideal",
   "citation": "Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442",
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   "text": "The Walrasian auctioneer is replaced by the agents themselves: price discovery ceases to be a slow tatonnement process requiring a central coordinator and becomes a continuous, decentralized, latency free computation executed by autonomous agents.",
   "abstract": "Price discovery is no longer a slow tâtonnement process requiring a central coordinator. It is a continuous, decentralized, latency-free computation executed by the agents themselves.",
   "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
   "datePublished": "2026",
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   "text": "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.",
   "abstract": "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.",
   "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
   "datePublished": "2026",
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   "text": "Because agents generate the set of producible outputs rather than selecting from a fixed commodity space, the commodity space over which the Arrow-Debreu existence theorem operates becomes endogenous, and that theorem does not extend mechanically to computative settings.",
   "abstract": "The formal consequence is that the commodity space on which the classical existence theorem operates becomes endogenous to agents' generative activity. The classical existence theorem does not extend mechanically to this setting.",
   "citation": "Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458",
   "datePublished": "2026",
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 "description": "6 claims in the published works of Wulf A. Kaal carry the concept tag 'general-equilibrium'. Derived node: a roster, not an adjudicated definition."
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