Early Adopters of New Supermarket Products

Brian Adams and Hyunchul Kim

No 501, Economic Working Papers from Bureau of Labor Statistics

Abstract: New goods and expanding product variety are thought to provide enormous welfare gains. New products can infuence the pricing of competing products, but often the most important way that new products improve the welfare is through their direct consumption value. The demographic profile of the buyers of new goods suggests those welfare gains are unequally distributed. For supermarket products in the US, expenditures on new goods are disproportionately concentrated among high earners and younger consumers.

Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bls.gov/osmr/research-papers/2018/pdf/ec180010.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bls:wpaper:501

Access Statistics for this paper

More papers in Economic Working Papers from Bureau of Labor Statistics Contact information at EDIRC.
Bibliographic data for series maintained by Jennifer Cassidy-Gilbert (cassidy-gilbert.jennifer@bls.gov).