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 "name": "Transaction cost economics",
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 "author": {
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  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5886442-017",
   "identifier": "kaal:claim:5886442-017",
   "text": "When hyper rational agents can write and execute complete state contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates.",
   "abstract": "hyper-rational agents can write and execute complete state-contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates",
   "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",
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    "requires that contracting and calculation costs for agents be negligible"
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   "identifier": "kaal:claim:6421319-017",
   "text": "The Williamsonian justification for hierarchical governance evaporates when hyper rational agents can write and execute complete state contingent contracts at negligible cost, because the firm was an institutional response to the scarcity of human cognition.",
   "abstract": "When hyper-rational agents can write and execute complete state-contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates.",
   "citation": "Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319",
   "datePublished": "2026",
   "claim_type": "failure",
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   "scope_conditions": [
    "conditional on unbounded machine rationality and negligible contracting cost"
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   "text": "The three dissolution mechanisms compound: marginal cost collapse undermines price signals, transformed asymmetry relocates the binding informational constraint to computational access, and cognitive labor substitution removes the bounded human decision-makers whose limits justified transaction-cost institutions.",
   "abstract": "The three mechanisms compound. Marginal cost collapse undermines the price signals that information economics relies on. The transformation of information asymmetry relocates the binding informational constraint from knowledge possession to computational access.",
   "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": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'transaction-cost-economics'. Derived node: a roster, not an adjudicated definition."
}