| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| Estimating Future Consumer Welfare Gains from Innovation: The Case of Digital Data Storage | |
| David H. Austin; Molly K. Macauley | |
| 发表日期 | 2000-03-01 |
| 出版年 | 2000 |
| 页码 | DP 00-13 |
| 语种 | 英语 |
| 摘要 | We develop a quality-adjusted cost index to estimate expected returns to investments in new technologies. The index addresses the problem of measuring social benefits from innovations in service sector inputs, where real output is not directly observable. We forecast welfare gains from two U.S. Advanced Technology Program innovations equaling 25%-50% of expected price, and aggregate consumer benefits of $1-$2 billion, relative to trends in existing technologies. Our model’s probabilistic parameters reflect uncertainty about prospective outcomes and in our hedonic estimates of shadow values for selected product attributes. The index can be readily adopted by research and development (R&D) managers in industry and government. |
| 主题 | Risk and Uncertainty ; Environmental Economics Topics |
| URL | http://www.rff.org/research/publications/estimating-future-consumer-welfare-gains-innovation-case-digital-data-storage |
| 来源智库 | Resources for the Future (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/40571 |
| 推荐引用方式 GB/T 7714 | David H. Austin,Molly K. Macauley. Estimating Future Consumer Welfare Gains from Innovation: The Case of Digital Data Storage. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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