Evidence item

The NBER page attributes the paper to its listed authors and states that agents can reduce transaction costs while introducing frictions; it does not establish the specific MIT-and-Harvard attribution or literal near-zero transaction costs. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 8638

Source: The Coasean Singularity? Demand, Supply, and Market Design with AI Agents · locator {} · excerpt hash sha256:2a34b4717500e1c36d3cef8ceedab30ca34ec6a01ac88babe05d8338fe11d1be

Peyman Shahidi, Gili Rusak, Benjamin S. Manning, Andrey Fradkin & John J. Horton. AI agents ... are poised to transform digital markets by dramatically reducing transaction costs. ... agents create efficiency gains from lower search, communication, and contracting costs, but also introduce frictions such as congestion and price obfuscation.