How to Measure the Outcome of Innovations: Application to Product Innovations
Hiroshi Ohashi ()
No CIRJE-F-555, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo
This paper provided a conceptual framework to quantify consumer gains from product innovations. Using an example of VCRs, we illustrate a model that is useful to measure consumer welfare, and describe what data are to be used for the analysis. We also make a selective survey of papers that measure the consumer welfare of product innovations and discuss advantages and limitations of the analytical framework.
Pages: 14 pages
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2008cf555
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