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Matches in SemOpenAlex for { <https://semopenalex.org/work/W2017200427> ?p ?o ?g. }

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• W2017200427 abstract "The main goal of this paper is to put forward a methodology for the measurement of product innovations using a value metric, that is, equating the magnitude of innovations with the welfare gains they generate. This research design is applied to the case of computed tomography scanners, a revolutionary innovation in medical technology. The econometric procedure centers on the estimation of a discrete choice model (the nested multinominal logit), which yields the parameters of a utility function defined over the changing quality dimensions of the innovative product. The estimated flow of social gains from innovation is used to compute a social rate of return to R & D, to explore the interrelation between innovation and diffusion, and to trace the time profile of benefits and costs, the latter suggesting the possible occurrence of technological cycles." @default.
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• W2017200427 date "1989-04-01" @default.
• W2017200427 modified "2023-09-30" @default.
• W2017200427 title "The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners" @default.
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• W2017200427 doi "https://doi.org/10.1086/261611" @default.
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