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Some Estimates of the Contribution of Information Technology to Consumer Welfare (Classic Reprint) - Softcover
Synopsis
Excerpt from Some Estimates of the Contribution of Information Technology to Consumer Welfare
The next section discusses the various approaches to estimating IT value with particular attention to the theory of consumer surplus which will be applied. Section three describes the features and limitations of data and the econometric methods used. The results are presented in section 4, including some sensitivity estimates. In section 5, we conclude with a summary and discussion of future directions for the work.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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About the Author
Erik Brynjolfsson, Schussel Family Professor at MIT's Sloan School of Management and Director of the MIT Center for Digital Business, is the coeditor of "Understanding the Digital Economy: Data, Tools, and Research" (MIT Press).
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 133228227X
- ISBN 13 9781332282272
- BindingPaperback
- Number of pages37
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Some Estimates of the Contribution of Information Technology to Consumer
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book presents an innovative approach to analyzing the value of computers and information technology (IT), arguing that traditional productivity metrics often fail to capture its full impact. The book argues that a consumer surplus approach, based on the revealed preferences of consumers, can provide a more accurate estimate of the value of IT. The book uses data from the US Bureau of Economic Analysis to estimate the consumer surplus generated by IT and finds that in 1987, it amounted to between $50 billion and $70 billion, far exceeding the cost of IT equipment. The book also discusses the limitations of this approach and the potential for over or underinvestment in IT. This book offers valuable insights into the impact of IT on the economy and contributes to the ongoing debate about the value of IT. By challenging traditional productivity metrics and providing alternative estimates of IT's value, the book invites readers to reconsider the role of computers and IT in driving economic growth and consumer welfare. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332282272_0
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Some Estimates of the Contribution of Information Technology to Consumer Welfare Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781332282272
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Some Estimates of the Contribution of Information Technology to Consumer Welfare Classic Reprint
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Some Estimates of the Contribution of Information Technology to Consumer Welfare (Classic Reprint)
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Paperback. Condition: Brand New. 38 pages. 9.02x5.98x0.08 inches. This item is printed on demand. Seller Inventory # zk133228227X
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