Data/hora: 03/06/2024 02:47:12

Provedor de dados: 	31	
País: 	United States	
Título: 	Estimating Future Consumer Welfare Gains from Innovation: The Case of Digital Data Storage	
Autores: 	Austin,   David H.; MacAuley,   Molly K.	
Data: 	2005-10-25	
Ano: 	2000	
Palavras-chave: 	Quality-adjusted cost index; Consumer surplus; Innovation; Research and Development/Tech Change/Emerging Technologies; O32; H43; D60.	
Resumo: 	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&amp;D) managers in industry and government.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	18495

http://purl.umn.edu/10814	
Editor: 	AgEcon Search	
Relação: 	Resources for the Future&gt;Discussion Papers

Discussion Paper 00-13	
Formato: 	54

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