The growth of network computing: Quality-adjusted price changes for network servers

• 成果类型: Article; Proceedings Paper
• 署名作者: Van Reenen, J
• 署名单位: University of London; London School Economics & Political Science
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• 发表日期: 2006
• 页码: F29-F44
• 关键词: personal computers; indexes

摘要

This article investigates the evolution of quality-adjusted prices for servers motivated by two facts. First, the recent productivity acceleration in the US is closely linked to the spread of IT of which networked computing is a large component. Second, the growth of network computing itself has been fostered by the rapid growth in the quality and quantity of server hardware and software. The preferred hedonic price index fell much more rapidly than the standard 'matched model' price index, mainly due to the selection bias in the standard model arising from the exit of obsolete models, which would have had the fastest price falls.