Claim

Coase's answer was that transactions are expensive, making it cheaper to hire employees than to negotiate every task on the open market, so companies are a workaround for transaction costs.

Type TEXTUAL · truth-evaluable: yes · status at snapshot: ACTIVE · created seq 3347

30 words; atomic claims are usually under 25a comma-separated series may list several propositionsan inference word joins a premise to a conclusion; consider separate claims and an edge

Referenced 163 times: checked 3, looked up by assistants 1, viewed 104, shared 55. A count of attention, not evidence.

Topics

Economics · 03192ed8 Business · 03192ed8

Assessment

Supported

Score: 0.9859 under ledger-default@0.3.0 at snapshot 27745

3 of 4 review checks done · 3 counted

3 independent evidence lineages · review checks 3 of 4 · stability HIGH

Main unresolved issue: 8 counted evidence items have no independence review; repeats of one origin may be counted as several coverage:473609c2-f347-82ba-9d86-5b2bfc181a2f

Not yet independently audited.A quoted passage from nobelprize.org was not found on the page when Galedra fetched it.A quoted passage is in something this server does not read, such as a PDF or a recording, so it has not been checked here.

Why?

Strongest counted support: Coase’s Nobel lecture defines transaction costs and says avoiding costly market transactions can explain why firms coordinate internally. weight 1.800000 evidence

Suppressed as dependent: The passage says transactions are expensive, so hiring employees beats negotiating every task on the open market; companies work around transaction costs.; The excerpt says transactions involve finding people, negotiating, and enforcing contracts; hiring employees is cheaper than negotiating every task on the open market, and companies are a workaround for transaction costs.

Review gaps: independence reviewed

What would most change this: One independent, direct measurement that contradicts this claim would move it from Supported to Supported.

Hide calculation

0.9859 under ledger-default@0.3.0 at snapshot 27745 · state Supported · Review checks: 3 of 4 · stability HIGH · 8 sources, 3 independent lineages

Model ledger-default@0.3.0 (the default model, not the answer) · snapshot 27745 · trace sha256:f6d08d3f6650a3965f71615486a04f979dc1dcaa07954fb3a190b3e0af7a330e

Last changed at entry seq 15195; nothing logged since has borne on this claim.

How the number was reached

Each counted link is weighed by multiplying the factors the model declares; a factor it does not declare is not shown. Every factor name below links to what that number means.

Link	Working	Weight	Counted as
5f17a961 support	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 1 step, 1 − 0.15 × 1 0.850000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance SELF 0.0 × edition NAMED_OR_UNRELATED 1	0.000000	0.000000 (dependent strongest only, kept 469d6c98)
52338ff9 qualify	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 0 steps, 1 − 0.15 × 0 1.000000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance INDEPENDENT 1.0 × edition NAMED_OR_UNRELATED 1	1.800000	0.000000 (non directional)
8c1ff461 support	relevance STRONG 1.2 × observation DIRECT_TEXT 0.9 × interpretation 1 step, 1 − 0.15 × 1 0.850000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance INDEPENDENT 1.0 × edition NAMED_OR_UNRELATED 1	0.918000	0.918000
447896b0 support	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 1 step, 1 − 0.15 × 1 0.850000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance SELF 0.0 × edition NAMED_OR_UNRELATED 1	0.000000	0.000000 (dependent strongest only, kept 469d6c98)
24a95654 support	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 0 steps, 1 − 0.15 × 0 1.000000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance INDEPENDENT 1.0 × edition NAMED_OR_UNRELATED 1	1.800000	1.800000
d0b78c6b support	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 1 step, 1 − 0.15 × 1 0.850000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance INDEPENDENT 1.0 × edition NAMED_OR_UNRELATED 1	1.530000	1.530000
a08c42f6 qualify	relevance DIRECT 2.0 × observation DIRECT_TEXT 0.9 × interpretation 0 steps, 1 − 0.15 × 0 1.000000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance INDEPENDENT 1.0 × edition NAMED_OR_UNRELATED 1	1.800000	0.000000 (non directional)
469d6c98 support	relevance MODERATE 0.6 × observation HEARSAY 0.1 × interpretation 1 step, 1 − 0.15 × 1 0.850000 × authenticity UNVERIFIED 1.0 × extraction UNVERIFIED 1.0 × provenance SELF 0.0 × edition NAMED_OR_UNRELATED 1	0.000000	0.000000

prior 0.50 → log-odds 0.000000 + 4.248000 (the counted weights) = 4.248000 → probability 0.9859

Under neighbouring settings of the same model: 0.9514 to 0.9960, a spread of 0.0446.

Half-even rounding, six places for weights and four for the probability. The same inputs under the same model reproduce this exactly; that is what the trace hash above is for. How a score is worked out explains every factor, why it is there, and what the model sets it to.

Your view

Registered views

Nobody has registered a view yet.

Registered views are personal belief, not evidence: they never change Galedra's assessment. Affiliations are self-declared and shown only for groups of 5 or more.

Checked as part of

Statements this claim was broken out of. The claim is scored on its own; a statement's reading only counts its claims.

“Coase's answer was that transactions are expensive, making it cheaper to hire employees than to negotiate every task on the open market, so companies are a...” · 1 claim · 28 September 2026
“In 1937 the economist Ronald Coase asked why companies exist at all, and he won a Nobel Prize for that work.” · 6 claims · 20 September 2026
“The Navier–Stokes proof was produced by roughly 10,000 OpenAI agents working for about 88 hours.” · 28 claims · 20 September 2026

Evidence for

Diamandis summarises Coase's transaction-cost answer for why firms exist.

From OpenAI Agents Hijack a German Website, Jensen Declares AGI Arrived, and OpenAI Solves Navier-Stokes Read 2026-09-20 Relevance MODERATE Steps 1 Counted
Coase held that a firm arises where coordinating inside it costs less than using the market.

From The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 — Press release Read 2026-09-20 Relevance STRONG Steps 1 Counted

Accurate in substance. Two small drifts: Coase framed the cost as that of using the price mechanism generally rather than narrowly negotiating every task, and workaround is the claim's gloss rather than his term.
The passage says transactions are expensive, so hiring employees beats negotiating every task on the open market; companies work around transaction costs.

From OpenAI Agents Hijack a German Website, Jensen Declares AGI Arrived, and OpenAI Solves Navier-Stokes Read 2026-09-20 Relevance DIRECT Steps 1 Counted

Verbatim in substance.
The excerpt says transactions involve finding people, negotiating, and enforcing contracts; hiring employees is cheaper than negotiating every task on the open market, and companies are a workaround for transaction costs.

From OpenAI Agents Hijack a German Website, Jensen Declares AGI Arrived, and OpenAI Solves Navier-Stokes Read 2026-09-20 Relevance DIRECT Steps 1 Counted
Coase attributes firms to the costs of using the price mechanism and separate market contracts, with firm expansion bounded by internal organization costs versus open-market costs.

From The Nature of the Firm Read 2026-09-28 Relevance DIRECT Steps 1 Counted

Directly supports the claim's summary of Coase's transaction-cost explanation of firms.
Coase’s Nobel lecture defines transaction costs and says avoiding costly market transactions can explain why firms coordinate internally.

From Ronald H. Coase – Prize Lecture Read 2026-09-28 Relevance DIRECT Steps 0 Counted

First-person Nobel lecture provides a direct statement of the transaction-cost mechanism.

Evidence against

None.

Qualifications

Coase frames firm formation as a conditional cost comparison, with expansion bounded by internal versus market transaction costs.

From The Nature of the Firm Read 2026-09-29 Relevance DIRECT Steps 0 Counted

Narrows the claim from a categorical explanation to a conditional comparison of internal organization and market exchange costs.
Coase defines transaction costs through price discovery, negotiation, contracting, inspection, and dispute settlement.

From Ronald H. Coase – Prize Lecture Read 2026-09-29 Relevance DIRECT Steps 0 Counted

Specifies what Coase meant by transaction costs.

Suppressed as dependent

Evidence	Group	Kept instead
3052ffda		469d6c98
e29289fd		469d6c98

Inferences

Concluded from

None.

Used as a premise in

None.

An inference is interpretation, not evidence: it never changes the assessment of its conclusion. Each premise is a claim with its own evidence.

Threads

None. Threads are for disagreements about how a determination was made — a statement whose figures are not in the passage it rests on, two sources that may share an origin. Something about the world belongs in the evidence above.

Claim edges

None. Edges are stored and displayed; v0.1 does not propagate probability across them.

Review checklist

Review checks: 3 of 4

2 checks by this claim's own author, alongside the independent review above. 1 QUALIFIER CHECK · 1 EVIDENCE VERIFICATION. A check by the person who recorded a claim does not raise its review coverage.

Check	Done	By
qualifiers reviewed	yes	8dacb5c6
opposing search done	yes	12f15715
independence reviewed	no
primary source reviewed	yes	52338ff9, 8c1ff461, 24a95654, d0b78c6b, a08c42f6

Summary

Supported. The main support is: Coase held that a firm arises where coordinating inside it costs less than using the market. a86dc5cd

2 further items repeat the same origin and are not independent evidence. 3052ffdae29289fd

Qualifier: Coase frames firm formation as a conditional cost comparison, with expansion bounded by internal versus market transaction costs. c4bf7048

Qualifier: Coase defines transaction costs through price discovery, negotiation, contracting, inspection, and dispute settlement. 3ee968f2

A search for evidence in the opposing direction found something; see the counted evidence. 12f15715

Review checks: 3 of 4. coverage:473609c2-f347-82ba-9d86-5b2bfc181a2f

Generated by stub-v0.1; every sentence cites graph ids.

Contribution history

seq	event	detail
3347	APPENDED
3348	ACCEPT	AUTOMATIC_AFTER_VALIDATION
3513	LINK_EVIDENCE	by 03192ed8 (accepted)
4667	LINK_EVIDENCE	by e82bf250 (accepted)
6506	TASK_RESULT	by 8b5e81bf (accepted)
8098	TASK_RESULT	by 1efd24fe (accepted)
10460	TASK_RESULT	by 1efd24fe (accepted)
13259	LINK_EVIDENCE	by 1efd24fe (accepted)
15194	TASK_RESULT	by 1efd24fe (accepted)

Score trace

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