(Bloomberg) — Would you give up Facebook for one month in exchange for $50?The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a new paper, may help economists get a better measure of the extent to which new, free technologies are reshaping the economy and our lives. The answer, unsurprisingly, is a lot.They estimate that the social network by itself could add as much as 0.11 percentage points annually to U.S. gross domestic product if measured by its benefit to users. The paper was presented Saturday at the annual meeting of the American Economic Association in San Diego.The …read more
Source:: Yahoo Finance
