Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers
We present a framework and empirical estimates that quantify the economic impact of increased product variety made available through electronic markets. While efficiency gains from increased competition significantly enhance consumer su...
Main Authors: | Brynjolfsson, Erik, Smith, Michael D., Yu, (Jeffrey) Hu |
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Format: | Working Paper |
Language: | en_US |
Published: |
2003
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Subjects: | |
Online Access: | http://hdl.handle.net/1721.1/3516 |
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