论文信息 - Measuring the Spillovers from Technical Advance: Mainframe Computers inFinancial Services

Measuring the Spillovers from Technical Advance: Mainframe Computers inFinancial Services

Measuring the social gains from recent technological advances is difficult because there are no output indexes from some important adopters. Measurement methods that infer the willingness-to-pay of theadopting industries from the derived demand curve for a new technologyovercome this difficulty. The derived demand for high-speed computersfor use in banks, finance, and insurance is shown to imply a very largesocial gain to computerization that is not captured by computer manufacturers. Copyright 1986 by American Economic Association.

T. Bresnahan

[1] R. Fogel. Railroads and American Economic Growth: Essays in Econometric History , 1964 .

[2] G. Stigler. Price and Non-Price Competition , 1968, Journal of Political Economy.

[3] J. A. Gorman. Alternative Measures of the Real Output and Productivity of Commercial Banks , 1969 .

[4] L. White. Quality Variation When Prices Are Regulated , 1972 .

[5] P. David,et al. Technical choice innovation and economic growth , 1975 .

[6] P. M. Deane. The First Industrial Revolution: The role of capital , 1980 .

[7] D. Jorgenson,et al. The Role of Capital in U.S. Economic Growth, 1948-1979 , 1980 .

[8] J. Hausman. Exact Consumer's Surplus and Deadweight Loss , 1981 .

[9] Jerome A. Mark. Measuring Productivity in Service Industries. , 1982 .

[10] L. R. Christensen,et al. THE ECONOMIC THEORY OF INDEX NUMBERS AND THE MEASUREMENT OF INPUT, OUTPUT, AND PRODUCTIVITY , 1982 .

[11] R. Willig. Sector differentiated capital taxation with imperfect competition and inter-industry flows , 1983 .