@dataalways
I scrapped a essay on it about a year ago, but the draft was interesting. Basically it depends so much on what use case you're looking at. L2s have been inelastic to small perturbations for a while, but will be nice to see it for large perts soon.
https://dataalways.substack.com/p/1a8bdd95-0691-4908-a286-41ac2ab4b19f