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Type: IFS Working Papers Authors: Laura Blow ISSN: 1742-0415
Volume, issue, pages: 15 pp
JEL classification: C43, D11 Keywords: New goods, revealed preferences
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. Search |
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