Quality innovation: driving forces and implications for production, trade, and consumption

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Quality innovation: driving forces and implications for production, trade, and consumption

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dc.contributor.advisor Cooper, Russell W., 1955-
dc.creator Nguyen, Thang Quang, 1977-
dc.date.accessioned 2008-08-28T23:44:51Z
dc.date.available 2008-08-28T23:44:51Z
dc.date.created 2007
dc.date.issued 2008-08-28T23:44:51Z
dc.identifier.uri http://hdl.handle.net/2152/3389
dc.description.abstract The dissertation has three main chapters on product quality innovation. First, we compare innovation effort and social welfare between monopoly, duopoly, and the social planner in a dynamic model with quality dependent on a continuous know-how stock. The technology frontier--the largest reachable know-how socks--does not always positively depend on competitiveness, i.e. a duopoly may technologically surpass the social planner. However, social welfare is always positively tied to competitiveness. Second, with a general equilibrium model, we derive a relative price function expressing productivity and quality effects, and develop a method for inferring relative quality changes. An application to services versus goods of the US from 1946-2006 provides evidence on aggregate quality changes and suggests us to incorporate quality variations when explaining relative prices. Third, we build a two-product model where productivity changes lead to reallocations of labor between quantity production and quality innovation. The correlation between relative productivity and relative quality is negative for low-range substitutability and positive for medium-range substitutability between two products. Looking at services versus goods of the US, the correlation is negative and productivity-driven quality can play a significant role in general quality development.
dc.format.medium electronic
dc.language.iso eng
dc.rights Copyright © is held by the author. Presentation of this material on the Libraries' web site by University Libraries, The University of Texas at Austin was made possible under a limited license grant from the author who has retained all copyrights in the works.
dc.subject.lcsh Quality of products--Econometric models
dc.subject.lcsh Quality control--Econometric models
dc.subject.lcsh Competition--Econometric models
dc.subject.lcsh Pricing--United States--Econometric models
dc.subject.lcsh Industrial productivity--United States--Econometric models
dc.subject.lcsh Service industries--United States--Econometric models
dc.title Quality innovation: driving forces and implications for production, trade, and consumption
dc.description.department Economics
dc.identifier.oclc 180268750
dc.identifier.recnum b6927096x
dc.type.genre Thesis
dc.type.material text
thesis.degree.department Economics
thesis.degree.discipline Economics
thesis.degree.grantor The University of Texas at Austin
thesis.degree.level Doctoral
thesis.degree.name Doctor of Philosophy

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