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Data Markets and the Production of Surveys

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  • Tomas Philipson

Abstract

The production of data, and the functioning of the market for observations, are universal concerns to all fields of positive economics. Economists, however, have typically placed greater emphasis on systematically analyzing the consumption of data than on considering its production. In the production of data through surveys, an important input market is that of labour, in which a demander trades observations with the supplying sample members. This paper analyses optimal monopsony compensation in such data markets, the important relationship it bears to estimation using the data that are obtained, and the statistical effects of implicit public wage regulations that are present in U.S. markets for observations.

Suggested Citation

  • Tomas Philipson, 1997. "Data Markets and the Production of Surveys," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(1), pages 47-72.
    • Handle: RePEc:oup:restud:v:64:y:1997:i:1:p:47-72.
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    File URL: http://hdl.handle.net/10.2307/2971740
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    Cited by:

    1. Glenn W. Harrison & Morten I. Lau & Hong Il Yoo, 2020. "Risk Attitudes, Sample Selection, and Attrition in a Longitudinal Field Experiment," The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 552-568, July.
    2. Mark Egan & Tomas J. Philipson, 2014. "Health Care Adherence and Personalized Medicine," NBER Working Papers 20330, National Bureau of Economic Research, Inc.
    3. Lothar Essig & Joachim K. Winter, 2009. "Item Non-Response to Financial Questions in Household Surveys: An Experimental Study of Interviewer and Mode Effects," Fiscal Studies, Institute for Fiscal Studies, vol. 30(Special I), pages 367-390, December.
    4. Winter, Joachim, 0000. "Bracketing effects in categorized survey questions and the measurement of economic quantities," Sonderforschungsbereich 504 Publications 02-35, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    5. Thomas F. Crossley & Joachim K. Winter, 2014. "Asking Households about Expenditures: What Have We Learned?," NBER Chapters, in: Improving the Measurement of Consumer Expenditures, pages 23-50, National Bureau of Economic Research, Inc.
    6. Hoderlein, Stefan & Winter, Joachim, 2010. "Structural measurement errors in nonseparable models," Journal of Econometrics, Elsevier, vol. 157(2), pages 432-440, August.
    7. Anna Choi & John Cawley, 2018. "Health disparities across education: The role of differential reporting error," Health Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 1-29, March.
    8. Mark Egan & Tomas Philipson, 2016. "Health Care Adherence and Personalized Medicine," Working Papers 2016-H01, Becker Friedman Institute for Research In Economics.
    9. Recanatini, Francesca & Wallsten, Scott J. & Lixin Colin Xu, 2000. "Surveying surveys and questioning questions - learning from World Bank experience," Policy Research Working Paper Series 2307, The World Bank.
    10. Daniel McFadden, 2009. "The human side of mechanism design: a tribute to Leo Hurwicz and Jean-Jacque Laffont," Review of Economic Design, Springer;Society for Economic Design, vol. 13(1), pages 77-100, April.
    11. Korinek, Anton & Mistiaen, Johan A. & Ravallion, Martin, 2007. "An econometric method of correcting for unit nonresponse bias in surveys," Journal of Econometrics, Elsevier, vol. 136(1), pages 213-235, January.
    12. Christophe Muller, 2004. "The Valuation Of Non-Monetary Consumption," Working Papers. Serie AD 2004-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    13. Mistiaen, Johan A. & Ravallion, Martin, 2003. "Survey compliance and the distribution of income," Policy Research Working Paper Series 2956, The World Bank.
    14. Daniel S. Hamermesh, 1999. "The Art of Labormetrics," NBER Working Papers 6927, National Bureau of Economic Research, Inc.
    15. McFadden, Daniel, 2012. "Economic juries and public project provision," Journal of Econometrics, Elsevier, vol. 166(1), pages 116-126.
    16. Pforr, Klaus & Blohm, Michael & Blom, Annelies G. & Erdel, Barbara & Felderer, Barbara & Fräßdorf, Mathis & Hajek, Kristin & Helmschrott, Susanne & Kleinert, Corinna & Koch, Achim & Krieger, Ulrich & , 2015. "Are Incentive Effects on Response Rates and Nonresponse Bias in Large-scale, Face-to-face Surveys Generalizable to Germany? Evidence from Ten Experiments," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 79(3), pages 740-768.
    17. Philipson, Tomas & Malani, Anup, 1999. "Measurement errors: A principal investigator-agent approach," Journal of Econometrics, Elsevier, vol. 91(2), pages 273-298, August.
    18. Tomas Philipson, 1997. "Observational Agency and Supply-Side Econometrics," NBER Technical Working Papers 0210, National Bureau of Economic Research, Inc.
    19. Felderer, Barbara & Müller, Gerrit & Kreuter, Frauke & Winter, Joachim, 2018. "The Effect of Differential Incentives on Attrition Bias: Evidence from the PASS Wave 3 Incentive Experiment," Munich Reprints in Economics 62837, University of Munich, Department of Economics.
    20. Daniel S. Hamermesh & Stephen G. Donald, 2004. "The Effect of College Curriculum on Earnings: Accounting for Non-Ignorable Non-Response Bias," NBER Working Papers 10809, National Bureau of Economic Research, Inc.

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