Innovation and Welfare: Results from Joint Estimation of Production and Demand Functions
---- Acknowledgements ----
Previous versions of this paper have also circulated under the title "Using price and demand information to identify production functions". The authors gratefully acknowledge useful comments by D. Ackeberg, D. Coe, U. Doraszelski, C. Lelarge, A.Pakes and seminar audiences at CNRS-OFCE Workshop on Innovation, Competition and Productivity (Nice, December 2005), BDF Seminar on Innovation (Enghien-les-Bains, July 2007), AEA meetings (New Orleans, January 2008), TEMA seminar (Paris, January 2008), NBER productivity seminar (Cambridge, March 2008), HECER workshop on innovation (Helsinki, August 2008). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.