# Transaction cost economics

`kaal:entity:transaction-cost-economics`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `transaction-cost-economics`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 3 works, 2025 to 2026.

**2025**

- [5886442-017](https://wulfkaal.github.io/claims/5886442-017) [failure/argued] *(failure mode)* -- When hyper rational agents can write and execute complete state contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates.
  > hyper-rational agents can write and execute complete state-contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates
  Wulf A. Kaal, The AI-to-AI Economy and the Collapse of Anthropocentric Economic Theory (2025). SSRN: https://ssrn.com/abstract=5886442

**2026**

- [6421319-017](https://wulfkaal.github.io/claims/6421319-017) [failure/argued] *(failure mode)* -- 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.
  > When hyper-rational agents can write and execute complete state-contingent contracts at negligible cost, the Williamsonian justification for hierarchical governance evaporates.
  Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319
- [6607458-020](https://wulfkaal.github.io/claims/6607458-020) [mechanism/argued] *(failure mode)* -- 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.
  > 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.
  Wulf A. Kaal, Computative Economics A Framework for Economic Analysis under Computational Abundance (2026). SSRN: https://ssrn.com/abstract=6607458

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/transaction-cost-economics.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.