Why Are Semiconductor Prices Falling So Fast ? Industry Estimates and Implications for Productivity Measurement

@inproceedings{Aizcorbe2002WhyAS,
  title={Why Are Semiconductor Prices Falling So Fast ? Industry Estimates and Implications for Productivity Measurement},
  author={Ana Aizcorbe},
  year={2002}
}
By any measure, price deflators for semiconductors fell at a staggering pace over much of the last decade. These rapid price declines are typically attributed to technological innovations that lower constant-quality manufacturing costs. But, given Intel’s dominance in the microprocessor market, those price declines may also reflect changes in Intel’s profit margins. Disaggregate data on Intel’s operations are used to explore these issues. There are three basic findings. First, the industry data… CONTINUE READING

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