And now prices can be "virtual" too: the value of new products may seem obvious to those who buy them. But economists find it tricky to estimate
Article Abstract:
The value of new products to consumers is determined by how much better off they are with the product, how innovative it is, how much more quality it is and how much the product cost to purchase. Economist Jerry Hausman devised a way to better calculate the actual economic value of new products.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Wall Street's record-breaking run
Article Abstract:
The Dow Jones Industrial Average hit 4,000 in Feb 1994 as Federal Reserve Board Chairman Alan Greenspan implied that he was finished hiking interest rates. Mutual funds, bonds, inflation, the banking industry and other aspects of the economy are discussed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
France 1 Germany 0
Article Abstract:
The relative performances of the French and German economies are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Palindrome repents: George Soros has made too much money to written off as a duffer. But his recent diatribe against capitalism took him out of his depth
- Abstracts: Segmenting police 'customers' on the basis of their service quality expectations. Understanding customer role and its importance in the formation of service quality expectations
- Abstracts: The cyclical behavior of the Department of Justice's antitrust enforcement activity. Optimal antitrust policy under different regimes of fines
- Abstracts: The cyclical behavior of the Department of Justice's antitrust enforcement activity. part 2 Patent licensing to Bertrand competitors
- Abstracts: Transgas is to be privatized. Japanese firms want to invest in automotive component production in the Czech Republic