Experimental Economics and the New Commodities Problem
推广了Brynjolfsson等人用实验经济学测量免费商品福利的方法,用于测量可能收费的新商品福利,并提出了估计希克斯保留价格的新方法。
Brynjolfsson et al . (2019a) have used experimental economics to measure the welfare benefits of free commodities and to define an extended measure of output, GDP‐B. In this paper, their methodological approach is generalized to measuring the benefits of new commodities which may or may not be free. Their approach leads to a new method for estimating Hicksian reservation prices. The new methodology in the present paper requires experimental estimates for household willingness to pay for new commodities or estimates for the compensation required for households to give up their use of a new commodity.