LEADER 04861nam 2200721Ia 450 001 9910784975803321 005 20210608031408.0 010 $a1-281-43080-3 010 $a9786611430801 010 $a0-226-07418-8 024 7 $a10.7208/9780226074184 035 $a(CKB)1000000000408685 035 $a(EBL)408515 035 $a(OCoLC)476229444 035 $a(SSID)ssj0000143721 035 $a(PQKBManifestationID)11148037 035 $a(PQKBTitleCode)TC0000143721 035 $a(PQKBWorkID)10119084 035 $a(PQKB)10578263 035 $a(MiAaPQ)EBC408515 035 $a(DE-B1597)535500 035 $a(OCoLC)781254952 035 $a(DE-B1597)9780226074184 035 $a(Au-PeEL)EBL408515 035 $a(CaPaEBR)ebr10230044 035 $a(CaONFJC)MIL143080 035 $a(EXLCZ)991000000000408685 100 $a19960612d1997 uy 0 101 0 $aeng 135 $aurnn#---|u||u 181 $ctxt 182 $cc 183 $acr 200 04$aThe economics of new goods$b[electronic resource] /$fedited by Timothy F. Bresnahan and Robert J. Gordon 210 $aChicago $cUniversity of Chicago Press$dc1997 215 $a1 online resource (508 p.) 225 1 $aStudies in income and wealth ;$vv. 58 300 $a"This volume contains revised versions of the papers and discussion presented at the Conference on Research in Income and Wealth entitled New Products : history, theory, methodology, and applications, held in Williamsburg, Virginia, on 29-30 April 1994. Conference participants also attended a preconference at the National Bureau of Economic Research in December 1993"--P. [ix]. 311 0 $a0-226-07415-3 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tContents --$tPrefatory Note --$tIntroduction --$t1. Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not --$t2. Quality-Adjusted Prices for the American Automobile Industry: 1906-1940 --$t3. The Welfare Implications of Invention --$t4. Science, Health, and Household Technology: The Effect of the Pasteur Revolution on Consumer Demand --$t5. Valuation of New Goods under Perfect and Imperfect Competition --$t6. Bias in U.S. Import Prices and Demand --$t7. The Roles of Marketing, Product Quality, and Price Competition in the Growth and Composition of the U.S. Antiulcer Drug Industry --$t8. From Superminis to Supercomputers: Estimating Surplus in the Computing Market --$t9. New Products and the U.S. Consumer Price Index --$t10. The Construction of Basic Components of Cost-of-Living Indexes --$t11. New Goods from the Perspective of Price Index Making in Canada and Japan --$tContributors --$tName Index --$tSubject Index 330 $aNew goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millennia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living. 410 0$aStudies in income and wealth ;$vv. 58. 606 $aConsumer price indexes$vCongresses 606 $aNew products$vCongresses 610 $acapitalism, economics, new goods, market, diffusion, innovation, price index, automobiles, air conditioner, germ theory, medicine, pharmaceuticals, anti-ulcer, drugs, breakfast cereal, computers, technology, discovery, engineering, nonfiction, quality, japan, canada, growth, productivity, standard of living, lighting, competition, surplus, imports, science. 615 0$aConsumer price indexes 615 0$aNew products 676 $a330 s 676 $a330 s 338.85/28 676 $a330 s338.8528 676 $a338.47 676 $a338.8528 701 $aBresnahan$b Timothy F$0305066 701 $aGordon$b Robert J$g(Robert James),$f1940-$047286 712 02$aNational Bureau of Economic Research. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910784975803321 996 $aThe economics of new goods$93746149 997 $aUNINA