This is great thanks I hadn’t considered this! I found the Zvi post you’re referring to if anyone else is interested.
Do you know if there has been any work to try and quantify this added value from Amazon? (Like in Meatonomics, David Robinson Simon discusses the hidden costs of meat, so a $4 Big Mac really costs society $11, so that extra $7 cost is absorbed by society). Is there any potential to calculate something similar with Amazon? e.g. every $1 someone spends on Amazon typically saves the consumer/​society $X.
I’m not an economist and I know that its very difficult to calculate value added by technology etc. and this value would likely vary by product, but just wondering if that’s something that could be possible while I’m trying to explore this idea?
This is great thanks I hadn’t considered this! I found the Zvi post you’re referring to if anyone else is interested.
Do you know if there has been any work to try and quantify this added value from Amazon? (Like in Meatonomics, David Robinson Simon discusses the hidden costs of meat, so a $4 Big Mac really costs society $11, so that extra $7 cost is absorbed by society). Is there any potential to calculate something similar with Amazon? e.g. every $1 someone spends on Amazon typically saves the consumer/​society $X.
I’m not an economist and I know that its very difficult to calculate value added by technology etc. and this value would likely vary by product, but just wondering if that’s something that could be possible while I’m trying to explore this idea?