Abstract
Economic theory has a range of techniques for estimating the value derived from an economic activity. In the case of valuing a public resource, calculating the cost of recycling or the net present value of exploiting the resource are popular methods. In the case of the consumption of existing or introduction of new goods and services, estimating the price elasticities from expenditure data and inferring the consumer surplus is typical.
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References
Goolsbee, A. and P. J. Klenow (2006), ‘Valuing Consumer Products By the Time Spent Using Them: An Application to the Internet’, American Economic Review, Vol. 96. No. 2 pp. 108–13.
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© 2012 Ergin Bayrak
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Bayrak, E. (2012). Valuing Time-Intensive Goods: An Application to Wireless and Wired Internet. In: Allegrezza, S., Dubrocard, A. (eds) Internet Econometrics. Applied Econometrics Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230364226_7
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DOI: https://doi.org/10.1057/9780230364226_7
Publisher Name: Palgrave Macmillan, London
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