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MEASURING THE WELFARE GAIN FROM PERSONAL COMPUTERS.

The welfare gain to consumers from the introduction of personal computers (PCs) is estimated. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the consu...

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Published in:Economic Inquiry Vol. 51; no. 1; pp. 336 - 348
Main Authors: GREENWOOD, JEREMY, KOPECKY, KAREN A.
Format: Article
Published: Wiley-Blackwell Jan2013
Subjects:
United States
United States. Bureau of Economic Analysis
United States. Bureau of Labor Statistics
Personal computers
Consumption (Economics)
Consumer behavior
Consumers
Utility theory
Consumer price indexes
Gross domestic product
Online Access:View this record in EBSCOhost