2 papers
econ.GN2026
When Trust Attracts Fraud: AI and Trust Arbitrage
Xieyu Yin, Fenghua Wen
Trust can attract fraud when it delays verification. We develop a two-market signaling model in which generative AI lowers fabrication, verification, and targeting costs. When fabr…
econ.GN2025
New Demand Economics: Education, Demand Upgrading, and Structural Change
Fenghua Wen, Xieyu Yin, Chufu Wen
Education can change what households buy as well as what workers produce. We study this demand channel in a two-sector growth model. Education shifts spending toward an education-s…