Assessing the gains from e-commerce Paul Dolfen, Liran Einav, Peter J. Klenow, Benjamin Klopack, Jonathan D. Levin, Larry Levin and Wayne Best
Contributor(s): Dolfen, Paul
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Material type: 
ArticleSubject(s): COMERCIO ELECTRONICO | BENEFICIOS | PRECIOS | RENTA FAMILIAR | CONSUMO FAMILIAR | ESTADOS UNIDOS | MODELOS ECONOMETRICOS
In:
American Economic Journal : Macroeconomics v. 15, n. 1, January 2023, p. 342-370Summary: E-commerce represents a rapidly growing share of consumer spending in the United States. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate e-commerce reached 8 percent of consumption by 2017, yielding the equivalent of a 1 percent boost to their consumption, or over $1,000 per household per year. While some of the gains arose from avoiding travel costs to local merchants, most of the gains stemmed from substituting to merchants available online but not locally. Higher income consumers gained more, as did consumers in more densely populated counties.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 2137/2023/1-3 (Browse shelf) | Available | OP 2137/2023/1-3 |
Resumen
Bibliografía.
E-commerce represents a rapidly growing share of consumer spending in the United States. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate e-commerce reached 8 percent of consumption by 2017, yielding the equivalent of a 1 percent boost to their consumption, or over $1,000 per household per year. While some of the gains arose from avoiding travel costs to local merchants, most of the gains stemmed from substituting to merchants available online but not locally. Higher income consumers gained more, as did consumers in more densely populated counties.
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