TY  - BOOK
AU  - Greenwood,Jeremy
AU  - Kopecky,Karen A.
ED  - National Bureau of Economic Research.
TI  - Measuring the Welfare Gain from Personal Computers: A Macroeconomic Approach 
T2  - NBER working paper series
PY  - 2007///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - November 2007; Hardcopy version available to institutional subscribers
N2  - The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the consumption of computers is zero. This implies that the good won't be consumed at a high enough price. It also bounds the consumer surplus derived from the product. The model is calibrated/estimated using standard national income and product account data. The welfare gain from the introduction of personal computers is in the range of 2 to 3 percent of consumption expenditure
UR  - https://www.nber.org/papers/w13592
UR  - http://dx.doi.org/10.3386/w13592
ER  -