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The Coasean Singularity? Demand, Supply, and Market Design with AI Agents PRIMARY_TEXT retrieval pending

National Bureau of Economic Research · 2025-01-01 · no page hash: the reader saw a rendering, not the bytes · created seq 10128

Link: https://www.nber.org/papers/w34468 · read at 2026-09-28T21:36:18Z · held by reference: only the link, the quoted excerpts with their hashes, and the page hash when the reader had the bytes are stored

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Locator	Excerpt
QUOTE `{}`	Peyman Shahidi, Gili Rusak, Benjamin S. Manning, Andrey Fradkin & John J. Horton
QUOTE `{}`	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.
QUOTE `{}`	This chapter evaluates the economic implications of this transition, adopting a consumer-oriented view of agents as market participants that can search, negotiate, and transact directly.

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