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来源类型Working Paper
规范类型报告
DOI10.3386/w24514
来源IDWorking Paper 24514
Using Massive Online Choice Experiments to Measure Changes in Well-being
Erik Brynjolfsson; Felix Eggers; Avinash Gannamaneni
发表日期2018-04-16
出版年2018
语种英语
摘要GDP and derived metrics (e.g., productivity) have been central to understanding economic progress and well-being. In principle, the change in consumer surplus (compensating expenditure) provides a superior, and more direct, measure of the change in well-being, especially for digital goods, but in practice, it has been difficult to measure. We explore the potential of massive online choice experiments to measure consumers’ willingness to accept compensation for losing access to various digital goods and thereby estimate the consumer surplus generated from these goods. We test the robustness of the approach and benchmark it against established methods, including incentive compatible choice experiments that require participants to give up Facebook for a certain period in exchange for compensation. The proposed choice experiments show convergent validity and are massively scalable. Our results indicate that digital goods have created large gains in well-being that are missed by conventional measures of GDP and productivity. By periodically querying a large, representative sample of goods and services, including those which are not priced in existing markets, changes in consumer surplus and other new measures of well-being derived from these online choice experiments have the potential for providing cost-effective supplements to existing national income and product accounts.
主题Macroeconomics ; Macroeconomic Models ; Development and Growth ; Development ; Growth and Productivity
URLhttps://www.nber.org/papers/w24514
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582187
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Erik Brynjolfsson,Felix Eggers,Avinash Gannamaneni. Using Massive Online Choice Experiments to Measure Changes in Well-being. 2018.
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