5009: Valuing a new good

Blow, Laura and Crawford, Ian (2005) Valuing a new good. [preprint]^**

Full text available as:
PDF - [Registered users only] - Requires Adobe Acrobat Reader or other PDF viewer.

Summary

This paper presents a nonparametric method for calculating a lower bound on
the virtual or reservation price of a new good. This allows the welfare effects of product market innovations to be investigated. We illustrate the technique using consumer panel data.

Document Language:	English
Keywords:	New goods, revealed preference
Subject Areas:	"Organics" in general "Organics" in general > Country reports > Denmark
Research affiliation:	Denmark > DARCOF II (2000-2005) > III.1 (COF) Consumer demand for organic foods
Funding Part:	5-25%
Orgprints ID Number:	5009
Contact:	Rosenkvist, Lars
Deposited On:	30 June 2005
EPrint Type:	Preprint
Peer Review Status:	Not peer-reviewed

Archive Staff Only: edit this record