Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/71492 
Year of Publication: 
2004
Series/Report no.: 
IFS Working Papers No. 04/03
Publisher: 
Institute for Fiscal Studies (IFS), London
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

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