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A comment on The rise of industrial software.
This paper about LLM economics seems relevant:
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"
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This paper about LLM economics seems relevant:
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"