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I'm probably misunderstanding or oversimplifying somehow, but, isn't it also a problem for these types of economic estimates that sometimes the new chips are ac
by HillaryBriss 9y ago
I'm probably misunderstanding or oversimplifying somehow, but, isn't it also a problem for these types of economic estimates that sometimes the new chips are actually cheaper than the the old chips in today's real world markets?
Example:
Right now Amazon is listing the overclockable Skylake Core i7 6700K 4 GHz 4 core at $392.76
https://www.amazon.com/Intel-Unlocked-Skylake-Processor-BX80662I76700K/dp/B012M8LXQW/ https://www.amazon.com/Intel-Unlocked-Skylake-Processor-BX80...
Also right now, the newer, overclockable Core i7 4.7 GHz 6 core 8700K is offered at $347.06.
https://www.amazon.com/Intel-i7-8700K-Processor-Unlocked-BX80684i78700K/dp/B07598VZR8/ https://www.amazon.com/Intel-i7-8700K-Processor-Unlocked-BX8...
The newer chip has two additional cores and a higher peak frequency, but it's about $50 cheaper.
Would an economist conclude that this means industry output went down in this particular case?
How do economists work this sort of market-pricing reality into their estimates of computer industry value?