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The article makes reference to the Jevons paradox. This paper about LLM economics seems relevant: https://www.nber.org/papers/w34608 https://www.nber.org/pape
by when_creaks 9mo ago
The article makes reference to the Jevons paradox.
This paper about LLM economics seems relevant:
https://www.nber.org/papers/w34608 https://www.nber.org/papers/w34608
Quote: "Fifth, we estimate preliminary short-run price elasticities just above one, suggesting limited scope for Jevons-Paradox effects"