And now prices can be "virtual" too: the value of new products may seem obvious to those who buy them. But economists find it tricky to estimate

Article Abstract:

The value of new products to consumers is determined by how much better off they are with the product, how innovative it is, how much more quality it is and how much the product cost to purchase. Economist Jerry Hausman devised a way to better calculate the actual economic value of new products.

Administration of General Economic Programs, Radio & TV communications equipment, Economic Statistics & Research, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Cellular telephones, Wireless telephones, Column, Practice, Economic conditions, Technological innovations, Economists, Hausman, Jerry

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Wall Street's record-breaking run

Article Abstract:

The Dow Jones Industrial Average hit 4,000 in Feb 1994 as Federal Reserve Board Chairman Alan Greenspan implied that he was finished hiking interest rates. Mutual funds, bonds, inflation, the banking industry and other aspects of the economy are discussed.

Forecasts and trends, Bear market, Statistics, Business cycles, Dow Jones Industrial Average (Index)

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France 1 Germany 0

Article Abstract:

The relative performances of the French and German economies are examined in detail.

Germany, France

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