Evidence item

The academic abstract supports lower transaction costs while expressly naming continuing frictions; it does not support the target’s institutional attribution or “nearly free” wording. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 7834

Source: The Coasean Singularity? Demand, Supply, and Market Design with AI Agents · locator {} · excerpt hash sha256:5cbaf54dd23193279135bcfcd756608adc7becceac960ceefb4f84e88390b83d

AI agents—autonomous systems that perceive, reason, and act on behalf of human principals—are poised to transform digital markets by dramatically reducing transaction costs. ... At the market level, agents create efficiency gains from lower search, communication, and contracting costs, but also introduce frictions such as congestion and price obfuscation.