| Document Type
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BL
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| Record Number
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1038940
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| Doc. No
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b793310
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| Title & Author
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The economics of new goods /\ edited by Timothy F. Bresnahan and Robert J. Gordon.
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| Publication Statement
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Chicago :: University of Chicago Press,, ©1997.
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| Series Statement
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Studies in income and wealth ;; v. 58
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| Page. NO
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1 online resource (x, 494 pages) :: illustrations.
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| ISBN
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0226074188
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: 9780226074184
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0226074153
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9780226074153
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| Notes
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"This volume contains revised versions of the papers and discussion presented at the Conference on Research in Income and Wealth entitled New Products : history, theory, methodology, and applications, held in Williamsburg, Virginia, on 29-30 April 1994. Conference participants also attended a preconference at the National Bureau of Economic Research in December 1993"--Page [ix].
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| Bibliographies/Indexes
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Includes bibliographical references and indexes.
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| Contents
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Do real-output and real-wage measures capture reality? : the history of lighting suggests not / William D. Nordhaus -- Quality adjusted prices for the American automobile industry : 1906-1940 / Daniel M.G. Raff and Manuel Trajtenberg -- The welfare implications of invention / Walter Y. Oi -- Science, health, and household technology : the effect of the Pasteur revolution on consumer demand / Joel Mokyr and Rebecca Stein -- Valuation of new goods under perfect and imperfect competition / Jerry A. Hausman -- Bias in U.S. import prices and demand / Robert C. Feenstra and Clinton R. Shiells --The roles of marketing, product quality, and price competition in the growth and composition of the U.S. antiulcer drug industry / Ernst R. Berndt, et al. -- From superminis to supercomputers : estimating surplus in the computing market / Shane M. Greenstein -- New products and the U.S. consumer price index / Paul B. Armknecht, Walter F. Lane, and Kenneth J. Stewart -- The construction of basic components of cost-of-living indexes / Marshall B. Reinsdorf and Brent R. Moulton -- New goods from the perspective of price index making in Canada and Japan / Andrew Baldwin, et al.
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| Abstract
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New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease.
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| Subject
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Consumer price indexes, Congresses.
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New products, Congresses.
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Indice des prix à la consommation, Congrès.
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Produits nouveaux, Congrès.
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BUSINESS ECONOMICS-- Industries-- General.
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Consumer price indexes.
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New products.
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| Subject
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Consumenten.
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| Subject
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Producten.
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| Dewey Classification
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338.85/28
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| LC Classification
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HB225.E3 1997eb
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| Added Entry
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Bresnahan, Timothy F.
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Gordon, Robert J., (Robert James),1940-
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| Added Entry
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National Bureau of Economic Research.
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