Bottle? An Asset Pricing Model
on Generative AI and Data Economy,”
by Haoyang Sun and Cong Zhang,
dated March, 2025
This paper introduces a new model to study how
generative AI affects production, labor
allocation and asset valuation in the
economy. A central takeaway is
that increases in AI efficiency, while
potentially catalyzing higher overall
productivity, can paradoxically erode
long-term valuations.
Note: Full-text of this paper can be obtained by clicking
on the above title.
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