Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2004

Journal or Book Title

American Journal of Agricultural Economics

Volume

86

Issue

5

First Page or Article ID Number

1222

Last Page

1229

DOI

10.1111/j.0002-9092.2004.00669.x

Abstract

During the twentieth century, research and development (R&D) has produced a steady stream of inventions and new consumer goods, many of which have been adopted and proven to be the source of a rising standard of living (Boskin et al.). The introduction of new goods, however, creates a disequilibrium (Hausman), which in turn creates a demand by economic agents for objective information to assist in making decisions on adoption and use (Schultz).1 The consumer's challenge is to sort through the various, competing and sometimes conflicting, sources of information.

JEL Classification

D18, Q16

Comments

This article is from American Journal of Agricultural Economics 86 (2004): 1222, doi: 10.1111/j.0002-9092.2004.00669.x.

Rights

Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.

Language

en

File Format

application/pdf