The Economics of New Goods

Abstract

Prefatory Note Introduction Timothy F. Bresnahan, Robert J. Gordon. 1: Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not William D. Nordhaus Comment: Charles R. Hulten 2: Quality-Adjusted Prices for the American Automobile Industry: 1906-1940 Daniel M. G. Raff, Manuel Trajtenberg. Comment: Jack E. Triplett 3: The Welfare Implications of Invention Walter Y. Oi 4: Science, Health, and Household Technology: The Effect of the Pasteur Revolution on Consumer Demand Joel Mokyr, Rebecca Stein. Comment: John C. Brown 5: Valuation of New Goods under Perfect and Imperfect Competition Jerry A. Hausman Comment: Timothy F. Bresnahan 6: Bias in U.S. Import Prices and Demand Robert C. Feenstra, Clinton R. Shiells. Comment: Zvi Griliches 7: The Roles of Marketing, Product Quality, and Price Competition in the Growth and Composition of the U.S. Antiulcer Drug Industry Ernst R. Berndt, Linda T. Bui, David H. Lucking-Reiley et. al. Comment: Valerie Y. Suslow 8: From Superminis to Supercomputers: Estimating Surplus in the Computing Market Shane M. Greenstein Comment: Erik Brynjolfsson 9: New Products and the U.S. Consumer Price Index Paul A. Armknecht, Walter F. Lane, Kenneth J. Stewart. Comment: Frank C. Wykoff 10: The Construction of Basic Components of Cost-of-Living Indexes Marshall B. Reinsdorf, Brent R. Moulton. Comment: W. E. Diewert 11: New Goods from the Perspective of Price Index Making in Canada and Japan Andrew Baldwin, Pierre Despres, Alice Nakamura et. al. Comment: Robert Summers Contributors Name Index Subject Index

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