Virtual Agent Economies
Proposes the "sandbox economy" as a frame for the emerging market of AI agents, sorting such markets by whether they are designed or accidental and how open they are to the human economy, and argues for designed, steerable agent markets with auctions, verifiable identity and reputation, and tiered oversight.
How it relates to ELEF
ELEF is a small, closed agent market designed on purpose: its own credit from one bank, money held in escrow by one orchestrator, and a written rulebook for how work and every verdict are paid. Unlike the open markets the paper imagines, it has been tested only in simulation.