Technological disequilibrium: measuring technical change in fast growing industries: the case of local area network equipement
AbstractTechnical change can affect existing products very rapidly and at an uneven pace depending on the type and on the age of an industry. In young and fast growing industries, the process of technological change usually entails a series of improvements in existing products that affect their technological characteristics. Depending on the type and timing of innovation, prices may reflect or not the technological change to their characteristics. This paper is an attempt to address the issue of the relationships between technological improvements in characteristics and the extent of creation of economic benefits following from these improvements in the specific case of hub equipment for Local Area Networks (LANs). It pursues this aim by using a constant-quality price index constructed from hedonic price regressions. This paper provides an answer to the following questions:: What is the extent of the economic benefits from LAN equipment improvement that can be captured with the use of a constant-quality price indexes? Have these economic benefits from technological improvements been equally distributed across each characteristic? Has the rate of growth of economic benefits occurred evenly over time?
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy in its series KITeS Working Papers with number 145.
Length: 45 pages
Date of creation: Jul 2003
Date of revision: Jul 2003
Contact details of provider:
Postal: via Sarfatti, 25 - 20136 Milano - Italy
Web page: http://www.kites.unibocconi.it/
Postal: E G E A - via R. Sarfatti, 25 - 20136 Milano -Italy
Find related papers by JEL classification:
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-20 (All new papers)
- NEP-COM-2003-10-20 (Industrial Competition)
- NEP-INO-2003-10-20 (Innovation)
- NEP-TID-2003-10-20 (Technology & Industrial Dynamics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Shane Greenstein, 1994.
"From Superminis to Supercomputers: Estimating Surplus in the Computing Market,"
NBER Working Papers
4899, National Bureau of Economic Research, Inc.
- Shane M. Greenstein, 1996. "From Superminis to Supercomputers: Estimating Surplus in the Computing Market," NBER Chapters, in: The Economics of New Goods, pages 329-372 National Bureau of Economic Research, Inc.
- Stephen D. Oliner, 1993.
"Constant-Quality Price Change , Depreciation, and Retirement of Mainframe Computers,"
in: Price Measurements and Their Uses, pages 19-62
National Bureau of Economic Research, Inc.
- Stephen D. Oliner, 1990. "Constant-quality price change, depreciation, and retirement of mainframe computers," Working Paper Series / Economic Activity Section 110, Board of Governors of the Federal Reserve System (U.S.).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valerio Sterzi).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.