Abstract :
There is a paradoxical connection between economic growth and old electronic gadgets. It is paradoxical because wealth is usually associated with accumulating durable goods, not turning them into paper weights in an attic. This is called diamond-wafer paradox. Specifically, in growing modern economies, goods embedded with silicon wafers lose their value much faster than other durable goods or jewelry, such as diamonds. We explain this mystery.
Keywords :
consumer electronics; electronic engineering computing; electronic products; microeconomics; pricing; wafer bonding; consumer electronics; diamond-wafer paradox; durable goods; electronic gadget; electronic market; Automobiles; Birds; Consumer electronics; Economic forecasting; Educational institutions; Motion pictures; Pediatrics; Personal communication networks; Psychology; TV;
