% ============================================================================ % UQO Working Paper No. 25 — When AI Agents Become Economic Agents: % An Agentic General Equilibrium Theory (Simon-Pierre Boucher) % Preamble = UQO template (Recherche-UQO/HARMONISATION.md) + amsthm environments % ============================================================================ \documentclass[12pt,letterpaper]{article} \usepackage[utf8]{inputenc} \usepackage[T1]{fontenc} \usepackage[english]{babel} \usepackage[letterpaper,top=1in,bottom=1in,left=1in,right=1in]{geometry} \usepackage{mathptmx} \usepackage{microtype} \usepackage{setspace} \onehalfspacing \usepackage{amsmath,amssymb,amsthm} \usepackage{mathtools} \theoremstyle{plain} \newtheorem{proposition}{Proposition} \newtheorem{lemma}{Lemma} \newtheorem{corollary}{Corollary} \newtheorem{theorem}{Theorem} \newtheorem{conjecture}{Conjecture} \theoremstyle{definition} \newtheorem{assumption}{Assumption} \newtheorem{definition}{Definition} \theoremstyle{remark} \newtheorem{remark}{Remark} \newtheorem{example}{Example} \usepackage{booktabs} \usepackage{tabularx} \usepackage{multirow} \usepackage{threeparttable} \usepackage{longtable} \usepackage{siunitx} \sisetup{input-symbols = {()}, table-format = -1.3, parse-numbers = false} \usepackage{graphicx} \graphicspath{{figures/}} \usepackage{subcaption} \usepackage{float} \usepackage{placeins} \usepackage[dvipsnames]{xcolor} \usepackage[colorlinks=true,linkcolor=NavyBlue,citecolor=NavyBlue,urlcolor=NavyBlue,breaklinks=true]{hyperref} \usepackage[authoryear,round,semicolon]{natbib} \bibliographystyle{aer} \usepackage[font=small,labelfont=bf,labelsep=period,justification=justified,singlelinecheck=false]{caption} \usepackage{fancyhdr} \pagestyle{fancy} \fancyhf{} \renewcommand{\headrulewidth}{0pt} \fancyfoot[C]{\thepage} \usepackage{titlesec} \titleformat{\section}{\large\bfseries}{\thesection.}{0.5em}{} \titleformat{\subsection}{\normalsize\bfseries}{\thesubsection.}{0.5em}{} \titleformat{\subsubsection}{\normalsize\itshape}{\thesubsubsection.}{0.5em}{} \usepackage[toc,page]{appendix} \usepackage{enumitem} \setlist{nosep,leftmargin=*} \usepackage{listings} \lstset{basicstyle=\ttfamily\footnotesize,breaklines=true,frame=single,columns=fullflexible} % --- notation macros \newcommand{\E}{\mathbb{E}} \newcommand{\Var}{\operatorname{Var}} \newcommand{\Cov}{\operatorname{Cov}} \newcommand{\R}{\mathbb{R}} \newcommand{\dd}{\mathrm{d}} \newcommand{\PV}{\mathrm{PV}} \DeclareMathOperator*{\argmax}{arg\,max} % ============================================================================ % METADATA % ============================================================================ \newcommand{\WPnumber}{25} \newcommand{\WPtitle}{When AI Agents Become Economic Agents} \newcommand{\WPsubtitle}{An Agentic General Equilibrium Theory} \newcommand{\WPdate}{October 2026} \newcommand{\WPversion}{1.0} \newcommand{\WPabstract}{% \input{sections/abstract}% } \newcommand{\WPkeywords}{artificial intelligence, delegation, foundation models, dispersed information, general equilibrium, compute, wealth inequality, market microstructure, LLM agents} \newcommand{\WPjel}{D82, D83, E13, E21, E44, G12, G14, O33} \newcommand{\WPauthor}{Simon-Pierre Boucher} \newcommand{\WPaffiliation}{% Département des sciences administratives\\ Université du Québec en Outaouais% } \newcommand{\WPemail}{simon-pierre.boucher@uqo.ca} \newcommand{\WPaddress}{% Gatineau -- Pavillon Alexandre-Taché\\ 283, boulevard Alexandre-Taché\\ Gatineau, Québec, Canada J9A 1L8% } \hypersetup{pdftitle={When AI Agents Become Economic Agents: An Agentic General Equilibrium Theory}, pdfauthor={Simon-Pierre Boucher}} % --- Generated numbers (scripts/50_tables.py -> paper/tables/numbers.tex) \input{tables/numbers} \input{tables/fallbacks} \begin{document} \input{sections/titlepage} \input{sections/introduction} \input{sections/literature} \input{sections/environment} \input{sections/theory} \input{sections/hamodel} \input{sections/markets} \input{sections/computation} \input{sections/llm_design} \input{sections/calibration} \input{sections/results_a} \input{sections/results_b} \input{sections/results_c} \input{sections/robustness} \input{sections/limitations} \input{sections/conclusion} \newpage \bibliography{references} \newpage \begin{appendices} \renewcommand{\thetable}{\Alph{section}\arabic{table}} \renewcommand{\thefigure}{\Alph{section}\arabic{figure}} \renewcommand{\theequation}{\Alph{section}.\arabic{equation}} \setcounter{table}{0}\setcounter{figure}{0}\setcounter{equation}{0} \input{appendices/proofs} \input{appendices/algorithms} \input{appendices/prompts} \input{appendices/data} \input{appendices/replication} \input{appendices/extra_figures} \end{appendices} \end{document}