Measuring the Performance of a Protected Infant Industry: The Case of Brazilian Microcomputers
用享乐方法衡量巴西微型计算机产业在保护政策下的绩效，发现技术进步快但落后国际前沿3-5年，保护导致消费者剩余损失高达国内支出的20%。
Until the beginnings of the Collor presidency in 1990, the Brazilian government strongly protected domestic producers of electronics goods. Using hedonic methods, the authors analyze systematic evidence of the performance of the Brazilian microcomputer industry and compare it with international standards. Their analysis highlights rapid rates of advance in Brazil but lower rates than potential international competition. Technical frontiers typically lagged price/performance practices in international markets by at least three years and by as much as five. Foregone buyer surplus due to protection had to be quite high, approaching 20 percent of domestic expenditure on microcomputers. Copyright 1995 by MIT Press.