Arbeitspapier
Valuing a new good
This paper presents a nonparametric method for calculating a lower bound on the virtual or reservation price of a new good. This allows the welfare effects of product market innovations to be investigated. We illustrate the technique using consumer panel data.
- Language
-
Englisch
- Bibliographic citation
-
Series: IFS Working Papers ; No. 04/03
- Classification
-
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Theory
- Subject
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New goods , Revealed Preference
Innovation
Offenbarte Präferenzen
Wohlfahrtsanalyse
Nichtparametrisches Verfahren
- Event
-
Geistige Schöpfung
- (who)
-
Blow, Laura
Crawford, Ian A.
- Event
-
Veröffentlichung
- (who)
-
Institute for Fiscal Studies (IFS)
- (where)
-
London
- (when)
-
2004
- DOI
-
doi:10.1920/wp.ifs.2004.0403
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Blow, Laura
- Crawford, Ian A.
- Institute for Fiscal Studies (IFS)
Time of origin
- 2004
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