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...
| Publicado en: | Economic Inquiry Vol. 51; no. 1; pp. 336 - 348 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2013
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=83710993&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 83710993 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Jan2013 vid: 51 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 83710993 10.1111/j.1465-7295.2011.00447.x ppf: 336 ppct: 12 formats: fmt: – @attributes: type: T – @attributes: type: P size: 673KB tig: atl: MEASURING THE WELFARE GAIN FROM PERSONAL COMPUTERS. aug: au: GREENWOOD, JEREMY KOPECKY, KAREN A. affil: GreENwood: Professor, DepartmENt of Economics, University of PENnsylvania, Philadelphia, PA 19104 ‐ 6297. Phone 1 ‐ 215 ‐ 898 ‐ 1505, Fax 1 ‐ 215 ‐ 746 ‐ 2947. Kopecky: Research Economist, Research DepartmENt, Federal Reserve Bank of Atlanta, 1000 Peachtree St. NE, Atlanta, GA 30309 ‐ 4470. Phone 1 ‐ 404 ‐ 498 ‐ 8974, Fax 1 ‐ 404 ‐ 498 ‐ 8956, E ‐ mail su: 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 sug: subj: Personal computers Consumption (Economics) Consumer behavior Consumers United States United States. Bureau of Economic Analysis United States. Bureau of Labor Statistics Electronic Computer Manufacturing Computer and peripheral equipment manufacturing Administration of General Economic Programs Utility theory Consumer price indexes Gross domestic product ab: 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 consumption of computers is zero. This implies that the good will not be consumed at a high enough price. It also bounds the consumer surplus derived from the product. The model is calibrated/estimated using standard national income and product account data. The welfare gain from the introduction of PCs is 2%-3% of consumption expenditure. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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