Estimating the Benefits of New Products
Author
Abstract
Suggested Citation
Note: ITI PR
Download full text from publisher
Other versions of this item:
- W. Erwin Diewert & Robert C. Feenstra, 2021. "Estimating the Benefits of New Products," NBER Chapters, in: Big Data for Twenty-First-Century Economic Statistics, pages 437-473, National Bureau of Economic Research, Inc.
- Diewert, Erwin & Feenstra, Robert, 2018. "Estimating the Benefits of New Products," Microeconomics.ca working papers erwin_diewert-2018-7, Vancouver School of Economics, revised 06 Sep 2018.
References listed on IDEAS
- Feenstra, Robert C, 1994. "New Product Varieties and the Measurement of International Prices," American Economic Review, American Economic Association, vol. 84(1), pages 157-177, March.
- Jerry A. Hausman, 1996.
"Valuation of New Goods under Perfect and Imperfect Competition,"
NBER Chapters, in: The Economics of New Goods, pages 207-248,
National Bureau of Economic Research, Inc.
- Hausman, J.A., 1994. "Valuation of New Goods Under Perfect and Imperfect Competition," Working papers 94-21, Massachusetts Institute of Technology (MIT), Department of Economics.
- Jerry A. Hausman, 1994. "Valuation of New Goods under Perfect and Imperfect Competition," NBER Working Papers 4970, National Bureau of Economic Research, Inc.
- Diewert, Walter E & Wales, Terence J, 1987.
"Flexible Functional Forms and Global Curvature Conditions,"
Econometrica, Econometric Society, vol. 55(1), pages 43-68, January.
- W. Erwin Diewert & T.J. Wales, 1989. "Flexible Functional Forms and Global Curvature Conditions," NBER Technical Working Papers 0040, National Bureau of Economic Research, Inc.
- Diewert, W. Erwin & Mizobuchi, Hideyuki, 2009.
"Exact And Superlative Price And Quantity Indicators,"
Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 335-380, September.
- Diewert, Erwin & Mizobuchi , Hideyuki, 2009. "Exact and Superlative Price and Quantity Indicators," Economics working papers erwin_diewert-2009-1, Vancouver School of Economics, revised 07 Jan 2009.
- Jerry Hausman, 2003. "Sources of Bias and Solutions to Bias in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 23-44, Winter.
- Feenstra, Robert C., 2010. "New products with a symmetric AIDS expenditure function," Economics Letters, Elsevier, vol. 106(2), pages 108-111, February.
- Ivancic, Lorraine & Erwin Diewert, W. & Fox, Kevin J., 2011.
"Scanner data, time aggregation and the construction of price indexes,"
Journal of Econometrics, Elsevier, vol. 161(1), pages 24-35, March.
- Diewert, Erwin & Fox, Kevin J. & Ivancic, Lorraine, 2009. "Scanner Data, Time Aggregation and the Construction of Price Indexes," Economics working papers erwin_diewert-2009-48, Vancouver School of Economics, revised 22 Sep 2009.
- A. Henderson, 1941. "Consumer's Surplus and the Compensating Variation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 8(2), pages 117-121.
- Diewert, W. Erwin & Fox, Kevin J., 2017.
"Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data,"
Microeconomics.ca working papers
erwin_diewert-2017-3, Vancouver School of Economics, revised 23 Mar 2017.
- W. Erwin Diewert & Kevin J. Fox, 2018. "Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data," Discussion Papers 2018-13, School of Economics, The University of New South Wales.
- Diewert, W. E. & Wales, T. J., 1988. "A normalized quadratic semiflexible functional form," Journal of Econometrics, Elsevier, vol. 37(3), pages 327-342, March.
- W. Erwin Diewert, 1980. "Aggregation Problems in the Measurement of Capital," NBER Chapters, in: The Measurement of Capital, pages 433-538, National Bureau of Economic Research, Inc.
- Usher, Dan (ed.), 1980. "The Measurement of Capital," National Bureau of Economic Research Books, University of Chicago Press, number 9780226843001, August.
- W. Erwin Diewert, 1998. "Index Number Issues in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 47-58, Winter.
- Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-1289, December.
- Sato, Kazuo, 1976. "The Ideal Log-Change Index Number," The Review of Economics and Statistics, MIT Press, vol. 58(2), pages 223-228, May.
- Diewert, Erwin & Feenstra, Robert, 2019. "Estimating the Benefits of New Products: Some Approximations," Microeconomics.ca working papers erwin_diewert-2019-3, Vancouver School of Economics, revised 13 Mar 2019.
- repec:bla:jindec:v:50:y:2002:i:3:p:237-63 is not listed on IDEAS
- Timothy F. Bresnahan & Robert J. Gordon, 1996. "The Economics of New Goods," NBER Books, National Bureau of Economic Research, Inc, number bres96-1.
- J. R. Hicks, 1945. "The Generalised Theory of Consumer's Surplus," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(2), pages 68-74.
- Hausman, Jerry, 1999.
"Cellular Telephone, New Products, and the CPI,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 17(2), pages 188-194, April.
- Jerry Hausman, 1997. "Cellular Telephone, New Products and the CPI," NBER Working Papers 5982, National Bureau of Economic Research, Inc.
- E. Rothbarth, 1941. "The Measurement of Changes in Real Income under Conditions of Rationing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 8(2), pages 100-107.
- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
- Jerry A Hausman & Gregory K Leonard, 2002. "The Competitive Effects of a New Product Introduction: A Case Study," Journal of Industrial Economics, Wiley Blackwell, vol. 50(3), pages 237-263, September.
- Hirofumi Uzawa, 1962. "Production Functions with Constant Elasticities of Substitution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 291-299.
- Robert C. Feenstra & Matthew D. Shapiro, 2003. "Scanner Data and Price Indexes," NBER Books, National Bureau of Economic Research, Inc, number feen03-1.
- Diewert, W. Erwin, 1999. "Index Number Approaches To Seasonal Adjustment," Macroeconomic Dynamics, Cambridge University Press, vol. 3(1), pages 48-68, March.
- Hausman, Jerry A, 1981. "Exact Consumer's Surplus and Deadweight Loss," American Economic Review, American Economic Association, vol. 71(4), pages 662-676, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gabriel Ehrlich & John C. Haltiwanger & Ron S. Jarmin & David Johnson & Matthew D. Shapiro, 2020.
"Reengineering Key National Economic Indicators,"
NBER Chapters, in: Big Data for Twenty-First-Century Economic Statistics, pages 25-68,
National Bureau of Economic Research, Inc.
- Gabriel Ehrlich & John Haltiwanger & Ron Jarmin & David Johnson & Matthew D. Shapiro, 2019. "Re-engineering Key National Economic Indicators," Working Papers 19-22, Center for Economic Studies, U.S. Census Bureau.
- Gabriel Ehrlich & John Haltiwanger & Ron Jarmin & David Johnson & Matthew D. Shapiro, 2019. "Re-engineering Key National Economic Indicators," NBER Working Papers 26116, National Bureau of Economic Research, Inc.
- Rachel Soloveichik, 2021. "Including Illegal Market Activity in the U.S. National Economic Accounts," Survey of Current Business, Bureau of Economic Analysis, February.
- W. Erwin Diewert & Kevin J. Fox & Paul Schreyer, 2022.
"Experimental Economics and the New Commodities Problem,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(4), pages 895-905, December.
- Diewert, Erwin & Fox, Kevin J. & Schreyer, Paul, 2019. "Experimental Economics and the New Commodities Problem," Microeconomics.ca working papers erwin_diewert-2019-4, Vancouver School of Economics, revised 13 Mar 2019.
- Diewert W. Erwin & Fox Kevin J., 2022. "Measuring Inflation under Pandemic Conditions," Journal of Official Statistics, Sciendo, vol. 38(1), pages 255-285, March.
- Rachel Soloveichik, 2022. "Theoretical Inflation for Unavailable Products," BEA Working Papers 0193, Bureau of Economic Analysis.
- Goldhammer Bernhard, 2022. "Creative and Exhaustive, but Less Practical – a Comment on the Article by Diewert and Fox," Journal of Official Statistics, Sciendo, vol. 38(1), pages 291-293, March.
- Erik Brynjolfsson & Avinash Collis & W. Erwin Diewert & Felix Eggers & Kevin J. Fox, 2020.
"Measuring the Impact of Free Goods on Real Household Consumption,"
AEA Papers and Proceedings, American Economic Association, vol. 110, pages 25-30, May.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, Erwin & Eggers, Felix & FOX, Kevin J., 2020. "Measuring the Impact of Free Goods on Real Household Consumption," Microeconomics.ca working papers erwin_diewert-2020-2, Vancouver School of Economics, revised 10 Jan 2020.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, W. Erwin & Eggers, Felix & Fox, Kevin J., 2020. "Measuring the Impact of Free Goods on Real Household Consumption," SocArXiv gnd4c, Center for Open Science.
- Rachel Soloveichik, 2021. "Including Illegal Market Activity in the U.S. National Economic Accounts," Survey of Current Business, Bureau of Economic Analysis, vol. 101(2), pages 1-4, February.
- Daan Freeman & Robert Inklaar & W. Erwin Diewert, 2021.
"Natural Resources and Missing Inputs in International Productivity Comparisons,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(1), pages 1-17, March.
- Diewert, Erwin, 2018. "Alternative Methods for Interpolating PPPs," Microeconomics.ca working papers erwin_diewert-2018-11, Vancouver School of Economics, revised 25 Oct 2018.
- Crystal Konny, 2020. "Modernizing data collection for the Consumer Price Index," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(1), pages 45-52, January.
- Diewert, Erwin & FOX, Kevin J. Fox & SCHREYER, Paul, 2017.
"The Digital Economy, New Products and Consumer Welfare,"
Microeconomics.ca working papers
erwin_diewert-2017-12, Vancouver School of Economics, revised 14 Dec 2017.
- W. Erwin Diewert & Kevin J. Fox & Paul Schreyer, 2018. "The Digital Economy, New Products and Consumer Welfare," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-16, Economic Statistics Centre of Excellence (ESCoE).
- Mayneris, Florian & Martin, Julien & Theophile, Ewane, 2020. "The price of remoteness: Product availability and local cost of living in Ethiopia," CEPR Discussion Papers 14515, C.E.P.R. Discussion Papers.
- W. Erwin Diewert & Kevin J. Fox, 2020. "Measuring Real Consumption and CPI Bias under Lockdown Conditions," NBER Working Papers 27144, National Bureau of Economic Research, Inc.
- Thomas von Brasch & Arvid Raknerud, 2022. "The impact of new varieties on aggregate productivity growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(3), pages 646-676, July.
- Lorraine Aeberhardt & Florian Hatier & Marie Leclair & Benoît Pentinat & Jean-Denis Zafar, 2020. "Does the Digital Economy Distort the Volume-Price Split of GDP? The French Experience," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 517-518-5, pages 139-156.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Diewert, Erwin & Feenstra, Robert, 2019. "Estimating the Benefits of New Products: Some Approximations," Microeconomics.ca working papers erwin_diewert-2019-3, Vancouver School of Economics, revised 13 Mar 2019.
- Diewert, W, Erwin & Feenstra, Robert, 2017.
"Estimating the Benefits and Costs of New and Disappearing Products,"
Microeconomics.ca working papers
tina_marandola-2017-12, Vancouver School of Economics, revised 19 Dec 2017.
- Diewert, Erwin & FEENSTRA, Robert, 2018. "Estimating the Benefits and Costs of New and Disappearing Products," Microeconomics.ca working papers erwin_diewert-2018-3, Vancouver School of Economics, revised 23 Apr 2018.
- Diewert, Erwin, 2019. "Quality Adjustment and Hedonics: A Unified Approach," Microeconomics.ca working papers erwin_diewert-2019-2, Vancouver School of Economics, revised 14 Mar 2019.
- Jerry Hausman, 2002. "Sources of Bias and Solutions to Bias in the CPI," NBER Working Papers 9298, National Bureau of Economic Research, Inc.
- W. Erwin Diewert & Kevin J. Fox, 2020. "Measuring Real Consumption and CPI Bias under Lockdown Conditions," NBER Working Papers 27144, National Bureau of Economic Research, Inc.
- Diewert, Erwin & FOX, Kevin J. Fox & SCHREYER, Paul, 2017.
"The Digital Economy, New Products and Consumer Welfare,"
Microeconomics.ca working papers
erwin_diewert-2017-12, Vancouver School of Economics, revised 14 Dec 2017.
- W. Erwin Diewert & Kevin J. Fox & Paul Schreyer, 2018. "The Digital Economy, New Products and Consumer Welfare," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-16, Economic Statistics Centre of Excellence (ESCoE).
- Jerry Hausman, 2003. "Sources of Bias and Solutions to Bias in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 23-44, Winter.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, W. Erwin & Eggers, Felix & Fox, Kevin J., 2019.
"GDP-B: Accounting for the Value of New and Free Goods in the Digital Economy,"
OSF Preprints
sptfu, Center for Open Science.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, Erwin & Eggers, Felix & FOX, Kevin J., 2019. "GDP-B: Accounting for the Value of New and Free Goods in the Digital Economy," Microeconomics.ca working papers erwin_diewert-2019-6, Vancouver School of Economics, revised 27 Mar 2019.
- Erik Brynjolfsson & Avinash Collis & W. Erwin Diewert & Felix Eggers & Kevin J. Fox, 2019. "GDP-B: Accounting for the Value of New and Free Goods in the Digital Economy," NBER Working Papers 25695, National Bureau of Economic Research, Inc.
- Diewert, Erwin & Fox, Kevin J., 2019. "Productivity Indexes and National Statistics: Theory, Methods and Challenges," Microeconomics.ca working papers erwin_diewert-2019-8, Vancouver School of Economics, revised 25 Apr 2019.
- Diewert, W. Erwin & Fox, Kevin J., 2016. "Kevin J. Fox Interview of W. Erwin Diewert," Microeconomics.ca working papers erwin_diewert-2016-6, Vancouver School of Economics, revised 02 Jun 2016.
- Erik Brynjolfsson & Avinash Collis & W. Erwin Diewert & Felix Eggers & Kevin J. Fox, 2020.
"Measuring the Impact of Free Goods on Real Household Consumption,"
AEA Papers and Proceedings, American Economic Association, vol. 110, pages 25-30, May.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, Erwin & Eggers, Felix & FOX, Kevin J., 2020. "Measuring the Impact of Free Goods on Real Household Consumption," Microeconomics.ca working papers erwin_diewert-2020-2, Vancouver School of Economics, revised 10 Jan 2020.
- Brynjolfsson, Erik & Collis, Avinash & Diewert, W. Erwin & Eggers, Felix & Fox, Kevin J., 2020. "Measuring the Impact of Free Goods on Real Household Consumption," SocArXiv gnd4c, Center for Open Science.
- Thomas von Brasch, 2013. "The cost-of-living index with trade barriers," Discussion Papers 751, Statistics Norway, Research Department.
- W. Erwin Diewert & Kevin J. Fox, 2022. "Measuring real consumption and consumer price index bias under lockdown conditions," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 480-502, February.
- W. Erwin Diewert & Kevin J. Fox & Paul Schreyer, 2022.
"Experimental Economics and the New Commodities Problem,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(4), pages 895-905, December.
- Diewert, Erwin & Fox, Kevin J. & Schreyer, Paul, 2019. "Experimental Economics and the New Commodities Problem," Microeconomics.ca working papers erwin_diewert-2019-4, Vancouver School of Economics, revised 13 Mar 2019.
- Diewert, W. Erwin, 2017. "Productivity Measurement in the Public Sector: Theory and Practice," Microeconomics.ca working papers erwin_diewert-2017-1, Vancouver School of Economics, revised 02 Feb 2017.
- Thomas Brasch, 2017. "The import price index with trade barriers: theory and evidence," Empirical Economics, Springer, vol. 52(1), pages 123-141, February.
- Diewert, W. Erwin & Fox, Kevin J., 2017.
"Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data,"
Microeconomics.ca working papers
erwin_diewert-2017-3, Vancouver School of Economics, revised 23 Mar 2017.
- W. Erwin Diewert & Kevin J. Fox, 2018. "Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data," Discussion Papers 2018-13, School of Economics, The University of New South Wales.
- Redding, Stephen & Weinstein, David, 2016.
"A Unified Approach to Estimating Demand and Welfare,"
CEPR Discussion Papers
11421, C.E.P.R. Discussion Papers.
- Redding, Stephen J. & Weinstein, David E., 2016. "A unified approach to estimating demand and welfare," LSE Research Online Documents on Economics 67681, London School of Economics and Political Science, LSE Library.
- Stephen J. Redding & David E. Weinstein, 2016. "A unified approach to estimating demand and welfare," CEP Discussion Papers dp1445, Centre for Economic Performance, LSE.
- Stephen J Redding & David E Weinstein, 2020.
"Measuring Aggregate Price Indices with Taste Shocks: Theory and Evidence for CES Preferences,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 503-560.
- Stephen J. Redding & David E. Weinstein, 2016. "Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for CES Preferences," NBER Working Papers 22479, National Bureau of Economic Research, Inc.
- W. Erwin Diewert, 2022.
"Duality in Production,"
Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 3, pages 57-168,
Springer.
- Diewert, Erwin, 2018. "Duality in Production," Microeconomics.ca working papers erwin_diewert-2018-2, Vancouver School of Economics, revised 06 Feb 2018.
More about this item
JEL classification:
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2019-07-15 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:25991. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.