Some Estimates of the Contribution of Information Technology to Consumer Welfare

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Excerpt from Some Estimates of the Contribution of Information Technology to Consumer WelfareThe 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.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.