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来源类型Working Paper
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DOI10.3386/w28738
来源IDWorking Paper 28738
Hidden Software and Veiled Value Creation: Illustrations from Server Software Usage
Raviv Murciano-Goroff; Ran Zhuo; Shane Greenstein
发表日期2021-05-03
出版年2021
语种英语
摘要How do you measure the value of a commodity that transacts at a price of zero from an economic standpoint? This study examines the potential for and extent of omission and misattribution in standard approaches to economic accounting with regards to open source software, an unpriced commodity in the digital economy. The study is the first to follow usage and upgrading of unpriced software over a long period of time. It finds evidence that software updates mislead analyses of sources of firm productivity and identifies several mechanisms that create issues for mismeasurement. To illustrate these mechanisms, this study closely examines one asset that plays a critical role in the digital economic activity, web server software. We analyze the largest dataset ever compiled on web server use in the United States and link it to disaggregated information on over 200,000 medium to large organizations in the United States between 2001 and 2018. In our sample, we find that the omission of economic value created by web server software is substantial and that this omission indicates there is over $4.5 billion dollars of mismeasurement of server software across organizations in the United States. This mismeasurement varies by organization age, geography, industry and size. We also find that dynamic behavior, such as improvements of server technology and entry of new products, further exacerbates economic mismeasurement.
主题Microeconomics ; Households and Firms ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w28738
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586412
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Raviv Murciano-Goroff,Ran Zhuo,Shane Greenstein. Hidden Software and Veiled Value Creation: Illustrations from Server Software Usage. 2021.
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