Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction
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pandp.20181035.pdf
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472.93 KB
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Author(s)
Brynjolfsson, Erik
Eggers, Felix
Collis, Avinash
Date Issued
May 2018
Journal
American Economic Association Papers and Proceedings
Publisher
American Economic Association
Citation
Brynjolfsson, Erik et al. “Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction.” American Economic Association Papers and Proceedings 108 (2018): 473–76 © 2018 American Economic Association
Version
Final published version
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.
MIT Department
Sloan School of Management
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1257/PANDP.20181035
