The economics of new goods

著者

書誌事項

The economics of new goods

edited by Timothy F. Bresnahan and Robert J. Gordon

(Studies in income and wealth, v. 58)

University of Chicago Press, 1997

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注記

Includes bibliographical references and indexes

内容説明・目次

内容説明

New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and on-going innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada and Japan.

目次

Prefatory Note Introduction Timothy F. Bresnahan, Robert J. Gordon. 1: Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not William D. Nordhaus Comment: Charles R. Hulten 2: Quality-Adjusted Prices for the American Automobile Industry: 1906-1940 Daniel M. G. Raff, Manuel Trajtenberg. Comment: Jack E. Triplett 3: The Welfare Implications of Invention Walter Y. Oi 4: Science, Health, and Household Technology: The Effect of the Pasteur Revolution on Consumer Demand Joel Mokyr, Rebecca Stein. Comment: John C. Brown 5: Valuation of New Goods under Perfect and Imperfect Competition Jerry A. Hausman Comment: Timothy F. Bresnahan 6: Bias in U.S. Import Prices and Demand Robert C. Feenstra, Clinton R. Shiells. Comment: Zvi Griliches 7: The Roles of Marketing, Product Quality, and Price Competition in the Growth and Composition of the U.S. Antiulcer Drug Industry Ernst R. Berndt, Linda T. Bui, David H. Lucking-Reiley et. al. Comment: Valerie Y. Suslow 8: From Superminis to Supercomputers: Estimating Surplus in the Computing Market Shane M. Greenstein Comment: Erik Brynjolfsson 9: New Products and the U.S. Consumer Price Index Paul A. Armknecht, Walter F. Lane, Kenneth J. Stewart. Comment: Frank C. Wykoff 10: The Construction of Basic Components of Cost-of-Living Indexes Marshall B. Reinsdorf, Brent R. Moulton. Comment: W. E. Diewert 11: New Goods from the Perspective of Price Index Making in Canada and Japan Andrew Baldwin, Pierre Despres, Alice Nakamura et. al. Comment: Robert Summers Contributors Name Index Subject Index

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