{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/scarcity",
 "identifier": "kaal:entity:scarcity",
 "name": "Scarcity",
 "termCode": "scarcity",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4033886-037",
   "identifier": "kaal:claim:4033886-037",
   "text": "Under a deflationary token issuance model, which caps the number of tokens ever issued, prices are expected to increase because of the fundamental scarcity of token supply.",
   "abstract": "With a deflationary method, prices are expected to increase due to fundamental scarcity of token supply.",
   "citation": "Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886",
   "datePublished": "2022",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "deflationary token models such as Bitcoin"
   ],
   "source_pdf_sha256": "52ba05b1292b1be4bfaf1ee5cf56b14fea9c196d870603e794d7ee316df129bd",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4033886-039",
   "identifier": "kaal:claim:4033886-039",
   "text": "Bitcoin's issuance schedule and relative scarcity are not necessarily the only reasons for its rise in value, since thousands of copycats share the same issuance schedule without matching its demand.",
   "abstract": "However, BTC's issuance schedule and relative scarcity are not necessarily the only reasons for its rise in value.147",
   "citation": "Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886",
   "datePublished": "2022",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "scarcity based valuation models such as stock to flow"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-010",
   "identifier": "kaal:claim:5886442-010",
   "text": "Scarcity is not a parameter within the neoclassical model but the model's transcendental condition of possibility, the axiom that makes choice meaningful and economics possible as a distinct discipline.",
   "abstract": "In short, scarcity is not a parameter in the neoclassical model. Scarcity is the model's transcendental condition of possibility.",
   "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",
   "claim_type": "definitional",
   "confidence": "argued",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-013",
   "identifier": "kaal:claim:5886442-013",
   "text": "Price signals, which neoclassical theory celebrates as the elegant solution to allocation under scarcity, become increasingly irrelevant for the dominant factors of production in the agentic economy.",
   "abstract": "Price signals, which neoclassical theory celebrates as the elegant solution to the allocation problem under scarcity, become increasingly irrelevant for the dominant factors of production.",
   "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",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "holds for post scarce cognitive and digital inputs, not for materially scarce goods"
   ],
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-014",
   "identifier": "kaal:claim:5886442-014",
   "text": "Contesting the continuity view, the author argues that AI2AI is not a case of technological progress shifting the production possibility frontier outward as steam, electricity and the internet did, because those earlier shifts expanded the feasible set while preserving scarcity as the defining condition.",
   "abstract": "This is not simply a case of technological progress shifting the production-possibility frontier outward, as occurred with steam, electricity, or the internet. Those earlier shifts expanded the feasible set while preserving scarcity as the defining condition.",
   "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",
   "claim_type": "mechanism",
   "confidence": "argued",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-037",
   "identifier": "kaal:claim:5886442-037",
   "text": "The received traditions are bounded rather than negated: neoclassical, behavioral, information, equilibrium and institutional theories remain valid and indispensable for the shrinking sphere of materially scarce, human mediated activity.",
   "abstract": "Neoclassical, behavioral, information, equilibrium, and institutional theories remain valid and indispensable for the shrinking sphere of materially scarce, human-mediated activity.",
   "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",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "holds for materially scarce, human mediated activity",
    "does not hold for the expanding sphere of post scarce agentic production"
   ],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/6607458-006",
   "identifier": "kaal:claim:6607458-006",
   "text": "The computative good is not a discrete bundle of attributes but a region of possibility space, so its value derives from the quality of the underlying generative distribution rather than from the scarcity of any particular realization.",
   "abstract": "The value of what the system produces derives not from the scarcity of the specific realization but from the quality of the underlying distribution from which realizations are drawn. The economic object is therefore the possibility space itself, not the particular realization.",
   "citation": "Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458",
   "datePublished": "2026",
   "claim_type": "definitional",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "applies to outputs produced by generative computative systems"
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  }
 ],
 "description": "7 claims in the published works of Wulf A. Kaal carry the concept tag 'scarcity'. Derived node: a roster, not an adjudicated definition."
}