The growth of network computing
Subtitle: quality adjusted price changes for network servers
By: John Van Reenen.
Contributors: London School of Economics and Political Science. Centre for Economic Performance.
Series: CEP discussion paper ;; no. 702; Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;; no. 702.
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2005
Place of publication: London
Language: eng
Format: Electronic resource
Description: "In this paper we investigate the evolution of quality adjusted prices for servers motivated by two facts. First, the productivity acceleration in the US economy since the mid 1990s is closely linked to spread of information technology 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 the network server market. Like Pakes' (2003) analysis of the PC market, we show that our preferred version of the hedonic price index ('complete hybrid') fell much more rapidly than the standard  'matched model' price index (the hedonic index fell on average by about 30% per annum compared to 17% p.a. for the matched model). This difference is mainly due to the election bias in the standard matched model price index due to the exit of obsolete models which would have had the fastest  price falls."
Notes: Includes bibliographical references.
Title from PDF file (viewed on Sept. 6, 2005).
"July 2005."
Also available in print.
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Mode of access: World Wide Web.