NBER Paper: The Coasean Singularity? Market Design with AI Agents
round · x · 2026-08-26
A new NBER paper titled 'The Coasean Singularity? Demand, Supply, and Market Design with AI Agents' examines the economic implications of AI agents as autonomous market participants. The analysis covers the demand side, where users trade off decision quality for effort reduction, and the supply side, focusing on firm strategies for agent design and monetization. While agents generate efficiency gains by lowering transaction costs, they also introduce frictions like congestion and price obfuscation, raising new regulatory and market design challenges.
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