Hausman, Jerry; Leibtag, Ephraim - Centre for Microdata Methods and Practice (CEMMAP) - 2006
Consumers often benefit from increased competition in differentiated product settings. In previous research Hausman (1997a, 1997b, 1999, 2002) has estimated the increased consumer welfare from the introduction of new brand, e.g. Apple Cinnamon Cheerios, and new products, e.g. mobile telephones....