13 papers
The Evolution of Digital Search: From Blue Links to Delegated Decision-Making
David M. Rothschild, Nicole Immorlica, Brendan Lucier +2
Digital search is undergoing a fundamental transformation from a human-driven process of discovery to an agent-mediated system of delegated decision-making. In the traditional mode…
Chaining Tasks, Redefining Work: A Theory of AI Automation
Mert Demirer, John J. Horton, Nicole Immorlica +2
Production is a sequence of steps that can be executed (1) manually, (2) augmented with AI, or (3) fully automated within contiguous AI-executed steps called ''chains.'' Firms opti…
From Augmentation to Reconstruction: Guiding the AI Disruption to the Good Place
David M. Rothschild, Jake M. Hofman, Markus Mobius +5
Artificial intelligence feels omnipresent, yet the disruption many expect has not fully arrived. The main reason is not model capability, nor even the tools built to harness those…
Subsidizing Sequential Search
Salvador Candelas, Nicole Immorlica, Brendan Lucier
We study markets where firms compete for consumer attention by subsidizing costly product inspection. These subsidies do not change product quality, but they alter the order in whi…
Agentic Markets: Equilibrium Effects of Improving Consumer Search
Brendan Lucier, Nicole Immorlica, Markus Mobius +5
Motivated by agentic markets -- two-sided markets in which consumers and businesses are assisted by AI tools that facilitate consumers' search -- we study the impact of improved se…
Optimal Selection Using Algorithmic Rankings with Side Information
Kate Donahue, Nicole Immorlica, Brendan Lucier
Motivated by online platforms such as job markets, we study an agent choosing from a list of candidates, each with a hidden quality that determines match value. The agent observes…