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Measuring the Spillovers from Technical Advance: Mainframe Computers inFinancial Services Author info | Abstract | Publisher info | Download info | Related research | Statistics Bresnahan, Timothy F
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Measuring the social gains from recent technological advances is difficult because there are no output indexes from some important adopters. Measurement methods that infer the willingness-to-pay of theadopting industries from the derived demand curve for a new technologyovercome this difficulty. The derived demand for high-speed computersfor use in banks, finance, and insurance is shown to imply a very largesocial gain to computerization that is not captured by computer manufacturers. Copyright 1986 by American Economic Association.
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Article provided by American Economic Association in its journal American Economic Review .
Volume (Year): 76 (1986)
Issue (Month): 4 (September)
Pages: 742-55
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Handle: RePEc:aea:aecrev:v:76:y:1986:i:4:p:742-55Contact details of provider: Email: Web page: http://www.aeaweb.org/aer/ More information through EDIRC
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