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The value of the internet for consumers
Pantea, Smaranda; Martens, Bertin - 2014
the value of leisure time spent online for which the consumer pays no monetary price and which has become increasingly … important as a leisure activity. We apply a methodology developed be Goolsbee and Klenow (2006), which relies on differences in … measure, leisure time spent on the internet generated a consumer surplus of between 0.6 and 1% of full income in 2011 in the …
Persistent link: https://www.econbiz.de/10011979940
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The Consumer Welfare Effects of Online Ads : Evidence from a 9-Year Experiment
Brynjolfsson, Erik; Collis, Avinash; Liaqat, Asad; … - National Bureau of Economic Research - 2024
Research on the causal effects of online advertising on consumer welfare is limited due to challenges in running large-scale field experiments and tracking effects over extended periods. We analyze a long-running field experiment of online advertising in which a random 0.5% subset of all users...
Persistent link: https://www.econbiz.de/10015056172
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The Welfare Effects of Social Media
Allcott, Hunt - 2019
The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. We present a randomized evaluation of the welfare effects of Facebook, focusing on US users in the run-up to the 2018 midterm...
Persistent link: https://www.econbiz.de/10012895861
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Competition and mergers with strategic data intermediaries
Bounie, David; Dubus, Antoine; Waelbroeck, Patrick - 2021
We analyze competition between data intermediaries collecting information on consumers, which they sell to firms for price discrimination purposes. We show that competition between data intermediaries benefits consumers by increasing competition between firms, and by reducing the amount of...
Persistent link: https://www.econbiz.de/10012628762
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Measuring consumer well-being from using zero price digital services : the case of navigation apps and location-based services
Sobolewski, Maciej - 2021
Digital maps and navigation applications are considered an essential tool by 70% of smartphone users. As these apps come predominantly free of charge, their contribution to consumer well-being cannot be captured by the common economic measures, like the GDP. This study demonstrates how the...
Persistent link: https://www.econbiz.de/10012424356
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Quantifying bargaining power in supply chains : essential for merger control
Delaprez, Yann; Guignard, Morgane - In: DIW weekly report : economy, politics, science : a … 14 (2024) 22/23, pp. 159-164
Merger control plays a central role in competition policy. When assessing proposed mergers, Competition Authorities should consider its impact on all relevant markets. Large mergers between manufacturers typically impact competition, thus requiring the approval of Competition Authorities....
Persistent link: https://www.econbiz.de/10014563099
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A matter of taste : the negative welfare effect of expert judgments
Lagios, Nicolas; Méon, Pierre-Guillaume - 2024
We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience...
Persistent link: https://www.econbiz.de/10015051678
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Errors of truncation in approximations to expected consumer surplus
Graham-Tomasi, Theodore D. - In: Land economics : applied research on environmental resources 66 (1990) 1, pp. 50-55
Persistent link: https://www.econbiz.de/10001080549
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Price Controls and Consumer Surplus
Bulow, Jeremy - 2012
Price controls lead to misallocation of goods and encourage rent-seeking. The misallocation effect alone is enough to ensure that consumer surplus is always reduced by a price control in an otherwise-competitive market with convex demand if supply is more elastic than demand; or when demand is...
Persistent link: https://www.econbiz.de/10013116913
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Price Controls and Consumer Surplus
Bulow, Jeremy - 2011
Price controls lead to misallocation of goods and encourage rent-seeking. The misallocation effect alone is enough to ensure that consumer surplus is always reduced by a price control in an otherwise-competitive market with convex demand if supply is more elastic than demand; or when demand is...
Persistent link: https://www.econbiz.de/10013118647