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How to Measure the Outcome of Innovations: Application to Product Innovations

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Author Info
Hiroshi Ohashi (Faculty of Economics, University of Tokyo)

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Abstract

This paper provided a conceptual framework to quantify consumer gains from product innovations. Using an example of VCRs, we illustrate a model that is useful to measure consumer welfare, and describe what data are to be used for the analysis. We also make a selective survey of papers that measure the consumer welfare of product innovations and discuss advantages and limitations of the analytical framework.

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File URL: http://www.e.u-tokyo.ac.jp/cirje/research/dp/2008/2008cf555.pdf
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Publisher Info
Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-555.

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Length: 14 pages
Date of creation: Apr 2008
Date of revision:
Handle: RePEc:tky:fseres:2008cf555

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  1. Amil Petrin, 2002. "Quantifying the Benefits of New Products: The Case of the Minivan," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 705-729, August. [Downloadable!] (restricted)
  2. Austan Goolsbee & Amil Petrin, 2004. "The Consumer Gains from Direct Broadcast Satellites and the Competition with Cable TV," Econometrica, Econometric Society, vol. 72(2), pages 351-381, 03. [Downloadable!] (restricted)
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This page was last updated on 2009-11-27.

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