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There is! That paper I linked does exactly that. It uses light to illustrate the point because it's particularly easy to calculate the comparative amount of uti
by azernik 5y ago
There is! That paper I linked does exactly that. It uses light to illustrate the point because it's particularly easy to calculate the comparative amount of utility per unit of cost regardless of technology, and show how it diverges from what naive price indices would show.
It's harder for something like batteries, where there are multiple relevant performance parameters to reduce to one utility heuristic. And good luck when the utility is subjective (clothes), still under study (food and nutrition), or ill-defined (media).