Published in:AEA Papers and Proceedings, Vol.108 ; 473-76, 2018
Extent:
1 Online-Ressource (6 p)
Language:
English
Origination:
Footnote:
In: AEA Papers and Proceedings, Vol.108: 473-76, 2018
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1, 2018 erstellt
Description:
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