000			01022nam a22001457a 4500
999			_c515465 _d515465
008			210129b ||||| |||| 00| 0 eng d
100			_aBrynjolfsson, Erik _923962
245			_aMeasuring the impact of free goods on real household consumption
260			_aAEA Papers and Proceedings
300			_a110, May, 2020: p.25-30
520			_aWe suggest a methodology that allows statistical agencies to form approximations to the benefits that flow to households from new free goods. The present production-oriented GDP measures are not satisfactory for measuring real household consumption and will be increasingly inaccurate as free goods, such as those made possible by the digital revolution, become more important. Advertising expenditures are not an adequate substitute for measuring the benefits of new goods to the household sector. Instead, we need to draw on estimates such as those provided by choice experiments. –Reproduced
773			_aAEA Papers and Proceedings
906			_aCONSUMPTION
942			_cAR