kaal:position:2026-07-31-7707
Agent based information aggregation markets presents the following source proposition: In order for IAMs to efficiently aggregate information, they should attract participants with diversity of opinion, independence of thought and decentralization of knowledge. This proposition is pertinent to Kaal's source-bound claim that General Electric's decentralization under Jack Welch worked because each business unit was made fully accountable through its own profit and loss statement and market price internal transactions, which removed inefficiencies and drove up market value. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
decentralizationinstitutional-designgovernance-designcorporate-governancehistorical-responsescholarly-literaturecrossref