What is Generative AI Worth?

2026

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AI-generated summary

1) This paper quantifies the substantial and rapidly growing consumer welfare gains from generative AI in the US, exceeding producer revenues.
2) * Estimates consumer welfare gains from generative AI tools like ChatGPT.
* Uses online choice experiments to measure willingness to accept compensation for giving up access.
* Finds aggregate consumer surplus increased from $116 billion to $172 billion between 2025 and 2026.
3) Generative AI, consumer welfare, consumer surplus, willingness to accept, digital goods

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