| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11995 |
| 来源ID | Working Paper 11995 |
| Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet | |
| Austan Goolsbee; Peter J. Klenow | |
| 发表日期 | 2006-02-06 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | For some goods, the main cost of buying the product is not the price but rather the time it takes to use them. Only about 0.2% of consumer spending in the U.S., for example, went for Internet access in 2004 yet time use data indicates that people spend around 10% of their entire leisure time going online. For such goods, estimating price elasticities with expenditure data can be difficult, and, therefore, estimated welfare gains highly uncertain. We show that for time-intensive goods like the Internet, a simple model in which both expenditure and time contribute to consumption can be used to estimate the consumer gains from a good using just the data on time use and the opportunity cost of people's time (i.e., the wage). The theory predicts that higher wage internet subscribers should spend less time online (for non-work reasons) and the degree to which that is true identifies the elasticity of demand. Based on expenditure and time use data and our elasticity estimate, we calculate that consumer surplus from the Internet may be around 2% of full-income, or several thousand dollars per user. This is an order of magnitude larger than what one obtains from a back-of-the-envelope calculation using data from expenditures. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Industrial Organization |
| URL | https://www.nber.org/papers/w11995 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569647 |
| 推荐引用方式 GB/T 7714 | Austan Goolsbee,Peter J. Klenow. Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11995.pdf（191KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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