New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for...

Abstract

New mobile development platforms have created an enormous opportunity for applications innovation by lowering the costs of R&D and attracting the largest body of potential app demanders ever assembled. This has created an explosion of app suppliers, numerous and diverse. In this early stage of...

The diffusion of new technologies is their adoption by different economic agents at different times. A classical concern in the diffusion of technologies (Griliches 1957) is the importance of raw technical progress versus economic forces. We examine this classical issue in a modern market, web...

The shape of short run marginal cost (SRMC) is critical to understanding pricing behavior over the business cycle. We construct an econometric model of output and price determination for an industry with steep SRMC around capacity. In the North American aluminum industry, the capacity constraint...

Book review

When retail dealers carry only one product line, the size of the dealer margin is crucial in the success of both the manufacturer and the dealer. This article proposes a successive monopoly model of patterns in exclusive dealer and manufacturer margins across a product line. The predictions of...