| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25991 |
| 来源ID | Working Paper 25991 |
| Estimating the Benefits of New Products | |
| W. Erwin Diewert; Robert C. Feenstra | |
| 发表日期 | 2019-06-24 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | A major challenge facing statistical agencies is the problem of adjusting price and quantity indexes for changes in the availability of commodities. This problem arises in the scanner data context as products in a commodity stratum appear and disappear in retail outlets. Hicks suggested a reservation price methodology for dealing with this problem in the context of the economic approach to index number theory. Hausman used a linear approximation to the demand curve to compute the reservation price, while Feenstra used a reservation price of infinity for a CES demand curve, which will lead to higher gains. The present paper evaluates these approaches, comparing the CES gains to those obtained using a quadratic utility function using scanner data on frozen juice products. We find that the CES gains from new frozen juice products are about five times greater than those obtained using the quadratic utility function. |
| 主题 | Econometrics ; Estimation Methods ; Data Collection ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w25991 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583665 |
| 推荐引用方式 GB/T 7714 | W. Erwin Diewert,Robert C. Feenstra. Estimating the Benefits of New Products. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25991.pdf（518KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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