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.
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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:2608.24400v1 Announce Type: cross Abstract: We study multilevel fair resource allocation with tree-structured hierarchical relations among agents. At each level, the problem can be viewed local...
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:2608. 20231v1 Announce Type: cross Abstract: The standard objection to full automation is demand-side: if humans earn nothing, who buys the output?
The standard objection to full automation is demand-side: if humans earn nothing, who buys the output? This confuses an accounting role with a biological species.