Quality Measurement in Economics: New Perspectives on the Evolution of Goods and Services

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The concept of quality measurement is revived in this text. Stephen Payson argues that quality measurement is an important issue in the study of price indices and in the additional areas of product innovation and evolutionary change. The user-value definition of quality is forcefully defended against the producer-cost definition and a new method of measurement is introduced: the representative good approach (RGA).

Quality Measurement in Economics: New Perspectives on the Evolution of Goods and Services 1994, Edward Elgar Publishing, Aldershot, England

ISBN-13: 9781852789268

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