Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction

Erik Brynjolfsson, Felix Eggers and Avinash Gannamaneni

AEA Papers and Proceedings, 2018, vol. 108, 473-76

Abstract: GDP is a measure of production, and yet it is widely used as a proxy for well-being. It is particularly ill-suited for assessing the contributions of digital goods which are free to consumers and thus excluded from GDP measures. This underscores the need to develop new measures of well-being which can assess not only the contributions of digital goods but also welfare more generally. In Brynjolfsson, Eggers, and Gannamaneni (2017), we propose a new way of measuring consumer welfare using massive online choice experiments. This brief paper motivates the need for such an approach and introduces the method.

JEL-codes: C90 E01 E23 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181035
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Citations: View citations in EconPapers (14)

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