RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
Measuring total value of an economy by willingness to pay.
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
Wowserz! Erik has done some proper willingness to pay-work. Very cool stuff. cc: @SE_ANDERS @moia @eldsjal @razmuss @DMcWilliams_UK
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
RT @erikbryn: @MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it G…
@MaxCRoser Here's some work on this I've done with @avi_collis @eggers_felix @KevinElZorro and Erwin Diewert. We call it GDP-B. More to come! https://t.co/gLvEYblHO0 https://t.co/aiDoBdhDTc https://t.co/c00n7FGL37
@Noahpinion Moar data! https://t.co/aiDoBdhDTc
Read about it a while ago ... Is cool research (by MIT) the median Facebook user needed a compensation of around $48 to give it up for a month. https://t.co/qHpUVcxjED
RT @AuerDirk: The best available data suggests that digital platforms produce vast consumer surplus (the opposite of monopoly & price discr…
RT @AuerDirk: The best available data suggests that digital platforms produce vast consumer surplus (the opposite of monopoly & price discr…
RT @AuerDirk: The best available data suggests that digital platforms produce vast consumer surplus (the opposite of monopoly & price discr…
The best available data suggests that digital platforms produce vast consumer surplus (the opposite of monopoly & price discrim.) Consumer exploitation in this space is like bigfoot or the Loch Ness monster: lots of talk but no one has actually seen i
According to Brynjolfsson's model that measures the value innovative IT COs generate, (free) online networks such as Wikipedia, GOOG, YouTube, FB, twtr etc & digital services create $300 Bn in value each year. https://t.co/L0jJ4zaxE3
@PaulDavisThe1st @cirnoplusplus I didn't make that claim. MIT economists did https://t.co/oFpA8lfPoy My blog post links to the original sources.
RT @erikbryn: @RobertInklaar @moultano @patrickc @Noahpinion @eggers_felix Thanks, Robert. @avi_collis was a key driver of that work, as w…
@JL4w Here: https://t.co/pDGQrYtq9B
@saq3 @profgalloway Primarily: https://t.co/thQVlg2yhX But also: https://t.co/yw0dRkyOnR
@orfonline @ghoshd7 @Kennedy_School At TC 14:00, @ghoshd7 responds to 'consumer surplus' Q based on insights from @erikbryn @avi_collis @eggers_felix massive online choice experiments https://t.co/j3McdCLY1q #CyFy2020
Wow. I just skimmed to get the gist. Didn't read though it is short (6 pages). But the gist from skimming is awesome.
@lacker I wish more people understood the concept of consumer surplus. "On average, producers are estimated to capture only 2.2% of the total welfare gains from innovation, with consumers capturing the remaining surplus" https://t.co/YbP9wBN6cK
サーチエンジンに対する金銭的価値感覚(willingness to accept)は、メールの倍、地図の5倍、動画の10倍、ソーシャルメディアの50倍以上、という2017年の調査結果。 https://t.co/D7d1pyGsJI
@RobertInklaar @moultano @patrickc @Noahpinion @eggers_felix Thanks, Robert. @avi_collis was a key driver of that work, as were @KevinElZorro and Erwin Diewert. Here's are some of the key papers: https://t.co/bFryEMoLZW https://t.co/aiDoBdhDTc https
Yep -- a bit like the Massive Online Choice Experiments that @avi_collis and @eggers_felix and I did to assess valuations for various digital goods and services. https://t.co/aiDoBdhDTc
RT @AlecStapp: @xvrmdf @calebwatney It’s about $17,000 per person on average https://t.co/2BwYZ7VeOq
Study https://t.co/OMJ35TQeBc
RT @jmhorp: Wow. People value access to search engines at over $17,000 per year. More than double email ($8,000) https://t.co/rZFRx2nSdi
RT @AlecStapp: @xvrmdf @calebwatney It’s about $17,000 per person on average https://t.co/2BwYZ7VeOq
RT @jmhorp: Wow. People value access to search engines at over $17,000 per year. More than double email ($8,000) https://t.co/rZFRx2nSdi
This is interestingly dope. I admittedly didn't read more than the abstract, but the concept is interesting.
RT @jmhorp: Wow. People value access to search engines at over $17,000 per year. More than double email ($8,000) https://t.co/rZFRx2nSdi
Great research here showing that consumers value Google's services at $17,000 per person per year. Something for policymakers to bear in mind when they think about regulating big technology firms.
RT @jmhorp: Wow. People value access to search engines at over $17,000 per year. More than double email ($8,000)
Wow. People value access to search engines at over $17,000 per year. More than double email ($8,000)
@xvrmdf @calebwatney It’s about $17,000 per person on average https://t.co/2BwYZ7VeOq
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
RT @ChenshuoSun: Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods…
Why #GDP can be a misleading proxy for economic well-being? How to quantify the well-being gained from using digital goods? A thought-provoking PNAS article: https://t.co/kSWdDAN96g
Interessante Werteskala.
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
WhatsApp would be at the TOP if we asked immigrant moms
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
This whole study is fascinating. I could stare at this figure for a while.
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
This is why I'm somewhat sanguine on decarbonizing air travel: unlike something like driving, it may not be that politically hard to mandate phasing in even fairly costly carbon-neutral synfuels https://t.co/dgvH3gXUcg
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
Blows my mind that by this metric, folks would rather lose access to @Wikipedia than see their salaries drop by $1 over the course of AN ENTIRE YEAR
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
Interesting how high on this list “no meeting friends in person for a year is”.
RT @erikbryn: @mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline…
@mattyglesias When we estimated the value consumers put on access to various goods and services, the median value for airline travel came in below breakfast cereal. https://t.co/aiDoBdhDTc https://t.co/EoU49G3LMV
Using massive online choice experiments to measure changes in well-being https://t.co/jnGI2HcrKA
RT @eggers_felix: Paper is here: https://t.co/FNPQByzU5F
What about social #VR goods, from events to avatars and scenes? “ digital goods have created large gains in well-being that are not reflected in conventional measures of GDP and productivity”
RT @eggers_felix: Paper is here: https://t.co/FNPQByzU5F
Paper is here: https://t.co/FNPQByzU5F
RT @ChenshuoSun: Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT…
RT @ChenshuoSun: Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT…
RT @ChenshuoSun: Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT…
RT @ChenshuoSun: Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT…
RT @ChenshuoSun: Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT…
Read a PNAS paper @avi_collis @erikbryn @eggers_felix. A truly thought-provoking piece. Puzzling why "the share of the IT sector of the total GDP (<5%) was the same in 2016 as it was 35 years earlier?" 🧐🧐https://t.co/kSWdDAN96g
@glenweyl @ElephasVe @RadxChange @RxC_LosAngeles Here are a couple of the relevant papers. More to come. https://t.co/QHLfCNHaey https://t.co/aiDoBdzfhM
@vsualst @stjaco Yep. Also: https://t.co/aiDoBdhDTc
RT @IR_oldie: A huge survey assessed the free digital services people were the least willing to relinquish. Was it social media, email, map…
RT @IR_oldie: A huge survey assessed the free digital services people were the least willing to relinquish. Was it social media, email, map…
A huge survey assessed the free digital services people were the least willing to relinquish. Was it social media, email, maps, or YouTube? By far the most valued digital service was the search engine: https://t.co/Fczi3S17wO
Social Media is generally regarded as more valuable than music or IM. Think about that next time you say "no one uses Facebook"
@michael_nielsen The crazier thing is that each click costs hundreds of free queries. Each query is free but often provides far more value to the person making the query than any associated ad click could provide google. Search engines provides $10k+ to Am
RT @thefirstred: And discussing the paper, @billrand points to a great related paper by @erikbryn @avi_collis and @eggers_felix https://t.c…
And discussing the paper, @billrand points to a great related paper by @erikbryn @avi_collis and @eggers_felix https://t.co/NxD8dm1ATK
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
"How much money would someone have to pay you to give up X" is a good way to gauge value of a free technology. I would put social media and messaging above video and ecommerce, and increase their value, but otherwise, these valuations of various technolog
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
RT @Reza_Zadeh: How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $3…
How many dollars would you be willing to accept (WTA) to give up for one year: Search Engines? $17,530 Social Networks? $322 An interesting way to value the usefulness of services built in the past 2 decades. Turns out having toilets is pretty useful 🤷♂