期刊名称:IFS Working Papers / Institute for Fiscal Studies London
电子版ISSN:1742-0415
出版年度:2004
卷号:2004
期号:1
出版社:Institute for Fiscal Studies London
摘要: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.