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  • Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro, Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches (University of Chicago Press, 2007), chap. 5, https://www.nber.org/books-and-chapters/hard-measure-goods-and-services-essays-honor-zvi-griliches/why-do-computers-depreciate.

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- Working Paper
The value of installed computers falls rapidly and therefore computers have a very high user cost. The paper provides...

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