IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Data MArkets and OPtimal Sample Size Determination

Listed author(s):
  • Geoffard, P.Y.
  • Philipson, T.

This paper discusses experimental design from an efficiency viewpoint. We interpret the design of social experiments as an economic intertemporal consumption problem, as opposed to a statistical variance minimization problem, and contrast the difference between Pareto optimal sample sizes and those given by statistical determination procedures. Since experimental consumption confers positive external effects, we show that efficient designs involve subsidizing experimental consumption. The paper also discusses how a monopoly producer, such as a pharmaceutical company in the case of clinical trials, may implement Pareto optimal sample sizes by subsidizing experimental consumption to the degree dictated by mark-ups on future consumers.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number 98-15.

in new window

Length: 24 pages
Date of creation: 1998
Handle: RePEc:del:abcdef:98-15
Contact details of provider: Postal:
48 boulevard Jourdan - 75014 Paris

Phone: 01 43 13 63 00
Fax: 01 43 13 63 10
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:del:abcdef:98-15. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.