This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indexes decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution...

This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indexes decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution...

This paper estimates the importance of network externalities in the U.S. VCR market between 1978-86. Estimation reveals the significant role of networks in the format competition between VHS and Beta. The paper also finds that if Sony, a major Beta supplier, had aggressively introduced its VCRs...