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Valuing a new good

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

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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.


EPrint Type:Journal paper
Keywords:New goods, revealed preference
Subjects:"Organics" in general
"Organics" in general > Country reports > Denmark
Research affiliation: Denmark > DARCOF II (2000-2005) > III.1 (COF) Consumer demand for organic foods
Deposited By: Rosenkvist, Lars
ID Code:5009
Deposited On:30 Jun 2005
Last Modified:03 Dec 2013 13:10
Document Language:English
Status:Submitted
Refereed:Not peer-reviewed

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