Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction
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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.
Date issued
2018-05Department
Sloan School of ManagementJournal
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
ISSN
2574-0768