Evidence item

The authors call the potential transaction-cost shift from AI agents a Coasean Singularity. DIRECT_TEXT

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Source: How AI Agents for Commerce Could Shape Future Markets (MIT IDE) · locator {} · excerpt hash sha256:6e1a62982cd51ff8f80e3aa0aa848b1f9cb3bb823dd60ab393092ccf48f50184

The researchers call the potential shift in transaction costs a 'Coasean Singularity,' in a nod to the economist Ronald Coase, who in 1937 posited that transaction costs shape how firms and markets organize.