Independent research in economics.
Working Paper 004 · AI Economics
Implementation Capacity and the Economics of AI Adoption
AI agents are reproducible at the price of compute, so they are not the scarce factor. The capacity to implement them is.
Read paperWorking Paper 003 · Labor and AI
Frontier, Leverage and the Distribution of Productivity Gains
Does generative AI compress or widen productivity differences between workers? The gain is V-shaped in ability, with its minimum at the AI frontier.
Read paperWorking Paper 002 · Software Economics
When Software Becomes a Producer: Pricing, Incentives and Scale under Variable Inference Costs
AI gives software a marginal cost. From that single change follow pricing, the unit of sale, economies of scale and what it takes to become a unicorn.
Read paperWorking Paper 001 · Housing Economics
Housing Supply Elasticity, Migration and Spatial Adjustment
When population grows, how much becomes prices, how much becomes construction, and how much becomes people? Spain’s two immigration waves as a natural laboratory.
Read paperHousing Supply Elasticity, Migration and Spatial Adjustment
When Software Becomes a Producer: Pricing, Incentives and Scale under Variable Inference Costs
Frontier, Leverage and the Distribution of Productivity Gains
Implementation Capacity and the Economics of AI Adoption
How technological change alters firms, markets and economic behavior.
Economic questions created or reshaped by major structural changes.
Project Frontier is an independent personal research project by Jorge Menéndez-Pidal. It explores the economics of technology and other economic problems of today.
About the project