arXiv:2606. 08267v1 Announce Type: cross Abstract: The classical Second Welfare Theorem decentralizes any Pareto efficient allocation through prices and transfers under convexity and regularity.
arXiv:2602. 21255v2 Announce Type: replace-cross Abstract: We establish a general equilibrium theory for systems of large language model (LLM) agents operating under centralized orchestration.
arXiv:2607. 23367v1 Announce Type: cross Abstract: We study whether strictly positive marginal values restore the compatibility of envy-freeness up to one good (EF1) and Pareto optimality (PO) for indivisible goods.
arXiv:2607. 17015v1 Announce Type: cross Abstract: We consider economic theory from the perspective of a total automation economy, one with no human involvement in production either in manufacturing or in management.
arXiv:2507. 09473v2 Announce Type: replace-cross Abstract: We study the dynamic allocation of indivisible resources to strategic agents under long-term constraints, where the planner aims to maximize social welfare, satisfy multiple constraints, and elicit near-truthful reports.
arXiv:2606. 28710v1 Announce Type: new Abstract: We ask under what conditions an agent with a harm-minimizing policy can displace an approval-seeking (RLHF) agent in a competitive market, and when that policy is sufficient to prevent community harm.
arXiv:2606. 00291v1 Announce Type: cross Abstract: In RLHF, each training example contains a prompt $x$ and two candidate responses $y,y'$, and annotators provide pairwise preferences between these responses.
arXiv:2608. 01432v2 Announce Type: replace Abstract: Artificial general intelligence (AGI) may weaken scarcities in labour, expertise, information, and productive capability that underpin established theories of economic value.
arXiv:2604. 14990v2 Announce Type: replace Abstract: The prospect of Artificial General Intelligence (AGI) is increasingly driving institutional decisions, and alignment of AGI is a hard problem.
arXiv:2608. 13810v1 Announce Type: cross Abstract: We examine the interplay between ordinal, preference-based solution concepts in games and the long-run behavior of game dynamics, asking in particular to what extent the combinatorial data of a game -- its preference graph -- determine the outcomes of no-regret learning dynamics -- such as follow-the-regularized-leader (FTRL).
arXiv:2607. 17316v1 Announce Type: new Abstract: The softmax policy $\pi(a \mid s) \propto \exp(\beta Q(s,a))$ is the default model of stochastic choice in reinforcement learning (RL).
arXiv:2608. 04663v1 Announce Type: new Abstract: Cooperative multi-agent reinforcement learning often adds social terms to individual rewards, yet the scale of those terms is usually chosen by hand.
arXiv:2607. 26068v1 Announce Type: cross Abstract: Existing AI governance frameworks, including the EU AI Act and NIST AI RMF, address safety, transparency, and accountability but do not operationalize quantitative constraints on macro-socioeconomic stability.