Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction
- (pp. 473-76)
AbstractGDP 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.
CitationBrynjolfsson, Erik, Felix Eggers, and Avinash Gannamaneni. 2018. "Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction." AEA Papers and Proceedings, 108: 473-76. DOI: 10.1257/pandp.20181035
- C90 Design of Experiments: General
- E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- E23 Macroeconomics: Production