Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71492
Authors: 
Blow, Laura
Crawford, Ian A.
Year of Publication: 
2004
Series/Report no.: 
IFS Working Papers, Institute for Fiscal Studies (IFS) 04/03
Abstract: 
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.
Subjects: 
New goods , Revealed Preference
JEL: 
C43
D11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
275.68 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.