1\begin{table}[htbp]\centering\footnotesize2\caption{Novelty matrix: what is old, what is new}\label{tab:novelty}3\begin{tabularx}{\textwidth}{Xll}\toprule4Ingredient & Closest prior work & Status here\\\midrule5Common-noise aggregate fluctuations & Lorenzoni 2009; Angeletos--La'O 2013 & inherited\\6Efficiency of the use of information under CRS & Angeletos--Pavan 2007 & inherited, applied\\7Endogenous purchase of the same information & Veldkamp 2006; Hellwig--Veldkamp 2009; Myatt--Wallace 2012 & inherited\\8Private gain / common exposure externality & Stein 2009; Wagner 2011 & inherited (portfolios)\\9AI adoption with correlated signals in a Kyle market & Meng--Chen 2026 & closest competitor\\10Delegation market sets the error-covariance of a production economy; closed-form $D$ and $1/M$ loadings & -- & new (Prop.~2)\\11Private value of delegation = social marginal value under CRS; wedges under three frictions, closed form & -- & new (Props.~3--4)\\12One compute market clears inference and automation; crowding-out of automation by delegation & -- & new (Prop.~5)\\13Factorial agentic-market experiments over $(D,M)$ with three designs and live LLM agents under hard constraints & Gode--Sunder 1993 (discipline) & new\\14\bottomrule\end{tabularx}\end{table}15