Title
Quality Measurement in Economics: New Perspectives on the Evolution of Goods and Services,Used
Delivery time: 8-12 business days (International)
The concept of quality measurement is revived and given new meaning in this innovative new book. Steven 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 uservalue definition of quality is forcefully defended against the producercost definition, and a new method of measurement is introduced the representative good approach (RGA). The RGA provides a new means for measuring quality over long periods of time by examining historical documents. A discussion of evolutionary change lays the groundwork for the identification of two processes: quality improvement and cost reduction. Using data from the Sears Catalog, quality improvement and cost reduction rates are estimated for five goods between 1928 and 1993: shoes, sofas, gas ranges, window fans and air conditioners, and cameras. The results are dramatic, supporting groundbreaking hypotheses on the determinants of quality improvement and cost reduction.
By changing our most important processes and
products, we have already made a big leap forward. This ranges from the
increased use of more sustainable fibers to the use of more
environmentally friendly printing processes to the development of
efficient waste management in our value chain.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'Quality Measurement in Economics'? A: The book explores the concept of quality measurement in economics, focusing on its significance in price indices, product innovation, and evolutionary change.
- Q: Who is the author of the book? A: The author of 'Quality Measurement in Economics' is Steven Payson.
- Q: What is the representative good approach (RGA)? A: The RGA is a new method introduced in the book for measuring quality over time by examining historical documents.
- Q: What is the condition of the book being sold? A: The book is listed as a 'Used Book in Good Condition'.
- Q: When was this book published? A: The book was published on March 1, 1994.
- Q: Is this book suitable for beginners in economics? A: While the book provides valuable insights, it is recommended for readers with some background in economics due to its analytical depth.
- Q: How many pages does 'Quality Measurement in Economics' have? A: The book contains 256 pages.
- Q: What topics related to quality measurement does the book cover? A: The book discusses quality improvement and cost reduction processes using data from the Sears Catalog.
- Q: What is the edition of this book? A: This is the First Edition of 'Quality Measurement in Economics'.
- Q: What is the binding type of the book? A: The book is bound in hardcover.