The Agentic Economy
On the map: LLM agents and tool use → Social simulation and multi-agent debate
Abstract (arXiv)
Generative AI has transformed human-computer interaction by enabling natural language interfaces and the emergence of autonomous agents capable of acting on users' behalf. While early applications have improved individual productivity, these gains have largely been confined to predefined tasks within existing workflows. We argue that the more profound economic impact lies in reducing communication frictions between consumers and businesses. This shift could reorganize markets, redistribute power, and catalyze the creation of new products and services. We explore the implications of an agentic economy, where assistant agents act on behalf of consumers and service agents represent businesses, interacting programmatically to facilitate transactions. A key distinction we draw is between unscripted interactions -- enabled by technical advances in natural language and protocol design -- and unrestricted interactions, which depend on market structures and governance. We examine the current limitations of siloed and end-to-end agents, and explore future scenarios shaped by technical standards and market dynamics. These include the potential tension between agentic walled gardens and an open web of agents, implications for advertising and discovery, the evolution of micro-transactions, and the unbundling and rebundling of digital goods. Ultimately, we argue that the architecture of agentic communication will determine the extent to which generative AI democratizes access to economic opportunity.
Key facts. Cited by 9 papers in the map (data through 14 Oct 2026). Placed in Social simulation and multi-agent debate, one of 16 directions in LLM agents and tool use. Builds on 1 of its 12 references that are in the map. First posted on arXiv 21 May 2025.
Builds on
1 of 12 references.
References · 1
- 2024Evaluating Language Model Agency through Negotiationscited by 48
Built on by
Citing papers per year: 2025: 3; 2026: 6.
9 papers.
- 2025Agentic Web: Weaving the Next Web with AI Agentscited by 45
- 2025Magentic Marketplace: An Open-Source Environment for Studying Agentic Marketscited by 19
- 2026Auditing Preferences for Brands and Cultures in LLMscited by 4
- 2026Holos: A Web-Scale LLM-Based Multi-Agent System for the Agentic Webcited by 4
- 2025Agentic Inequalitycited by 3
- 2026Reasonably reasoning AI agents can avoid game-theoretic failures in zero-shot, provablycited by 1
- 2026From Product Search to Preference Articulation: The Economics of Agentic Commercecited by 1
- 2026Microeconomic Foundations of Multi-Agent Learningcited by 0
- 2026Collaborating in Multi-Armed Bandits with Strategic Agentscited by 0
- 2026From Product Search to Preference Articulation: The Economics of Agentic Commerce9 Aug 2026
- 2026Collaborating in Multi-Armed Bandits with Strategic Agents13 May 2026
- 2026Reasonably reasoning AI agents can avoid game-theoretic failures in zero-shot, provably19 Mar 2026
- 2026Auditing Preferences for Brands and Cultures in LLMs18 Mar 2026
- 2026Holos: A Web-Scale LLM-Based Multi-Agent System for the Agentic Web18 Jan 2026
- 2026Microeconomic Foundations of Multi-Agent Learning6 Jan 2026
- 2025Magentic Marketplace: An Open-Source Environment for Studying Agentic Markets27 Oct 2025
- 2025Agentic Inequality19 Oct 2025
- 2025Agentic Web: Weaving the Next Web with AI Agents28 Jul 2025
Similar, not cited
Close in wording, no citation either way
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- 2025From Digital Distrust to Codified Honesty: Experimental Evidence on Generative AI in Credence Goods Markets ↗
- 2025Agentic AI: Autonomy, Accountability, and the Algorithmic Society
- 2026LLM Consumer Behavior Theory: Foundations of a Novel Research Field
- 2026Agentic Markets: Equilibrium Effects of Improving Consumer Search
- 2025The Automated but Risky Game: Modeling and Benchmarking Agent-to-Agent Negotiations and Transactions in Consumer Markets
- 2025Agent Exchange: Shaping the Future of AI Agent Economics
- 2026The Headless Firm: How AI Reshapes Enterprise Boundaries