event
Get the latest news, advances in research, policy work, and education program updates from HAI in your inbox weekly.
Sign Up For Latest News
This seminar pairs a case study of AI diffusion with an organizational approach to technological changes in the workplace.
This seminar pairs a case study of AI diffusion with an organizational approach to technological changes in the workplace.
Sessions run Wednesdays from 4:30–5:30 PM in CoDa E160. Each session features a different Stanford speaker; talk titles are announced by the organizers.
Sessions run Wednesdays from 4:30–5:30 PM in CoDa E160. Each session features a different Stanford speaker; talk titles are announced by the organizers.
E-commerce represents a rapidly growing share of consumer spending in the United States. We use transaction-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus. We estimate that e-commerce spending reached 8% of consumption by 2017, yielding consumers the equivalent of a 1% permanent boost to their consumption, or over $1,000 per household per year. While some of the gains arose from avoiding travel costs of buying from local merchants, most of the gains stemmed from substituting to merchants available online but not locally. Higher income cardholders gained more, as did consumers in more densely populated counties.
