The Theory of Hedonic Quality Measurement and Its Use in Price Indexes
Author : Jack E. Triplett
Publisher :
Page : 68 pages
File Size : 14,12 MB
Release : 1971
Category : Price indexes
ISBN :
The Theory of Hedonic Quality Measurement and Its Use in Price Indexes
Author : Jack E. Triplett
Publisher :
Page : 53 pages
File Size : 39,95 MB
Release : 1971
Category :
ISBN :
Book Description
Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes Special Application to Information Technology Products
Author : Triplett Jack
Publisher : OECD Publishing
Page : 258 pages
File Size : 45,14 MB
Release : 2006-09-21
Category :
ISBN : 9264028153
Book Description
Price indexes can be constructed using a “hedonic method” that adjusts for changes in the quality of a product. This handbook sets out best practice for constructing hedonic indexes.
The Application of Hedonic Methods in Quality-Adjusted Price Indices
Author : Anna Król
Publisher : Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Page : 133 pages
File Size : 23,22 MB
Release : 2020-06-01
Category : Business & Economics
ISBN : 8376957902
Book Description
The measurement of price dynamics is by no means new endeavourin the official statistics but the process of establishing accurate price changes in time still remains challenging in many areas. One such demanding field is the application of appropriate techniques in price index development for providing amendments reflecting quality differences which might occur in the compared commodities. The book presents results of research on the applicability of hedonic methods in adjusting price indices to changes in the goods quality and test the techniques used for hedonic price indices construction using the data sets for various groups of heterogeneous goods, including used automobiles, appartments, household appliances and ICT goods.
Prices, Product Differentiation and Quality Measurement
Author : Gian Maria Tomat
Publisher :
Page : 0 pages
File Size : 31,74 MB
Release : 2008
Category :
ISBN :
Book Description
The paper provides an analysis of the problems of construction of quality-adjusted price indexes within the framework of the theory of product differentiation. In the general case of price-making behaviour on the part of firms, hedonic regressions are defined on the basis of reduced forms of the equation relating equilibrium prices to product characteristics. The paper considers the reduced form given by the marginal cost function and shows that the Laspeyres hedonic price index provides a lower bound to the quality-adjusted rate of price change while the Paasche hedonic price index provides an upper bound to the quality-adjusted rate of price change. The properties of hedonic price indexes are compared with those of matched model indexes. The theory is applied to the study of personal computer prices in Italy during the 1995-2000 period.
Hedonic price indexes and the measurement of capital and productivity
Author : Zvi Griliches
Publisher :
Page : 33 pages
File Size : 24,19 MB
Release : 1988
Category :
ISBN :
Book Description
Price Index Concepts and Measurement
Author : W. Erwin Diewert
Publisher : University of Chicago Press
Page : 531 pages
File Size : 14,26 MB
Release : 2010-02-15
Category : Business & Economics
ISBN : 0226148572
Book Description
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
Using Hedonic Methods for Quality Adjustment in the CPI
Author : Mary Kokoski
Publisher : CreateSpace
Page : 54 pages
File Size : 11,44 MB
Release : 2013-07-31
Category : Reference
ISBN : 9781491214534
Book Description
There has been strong recommendation that the BLS explore the use of hedonic methods forquality adjustment in the Consumer Price Index (CPI) for decades. The Price Statistics ReviewCommittee (the Stigler Commission Report) in 1961 expressed the view that hedonic analysis would provide a “more objective” approach to addressing quality change than the BLS standard methods of dealing with this issue (Triplett (1990)). More recently, the Advisory Commission to Study theConsumer Price Index (the Boskin Commission Report, 1996) reiterated this recommendation,recognizing that accurate measures of quality change will enable a more accurate measure of pure price,or “cost-of-living” change. Categories of goods and services where quality changes are frequent andrelatively easy to identify are the best candidates for using hedonic methods, given that data can beacquired.
Hedonic Price Indexes and the Measurement of Capital and Productivity
Author :
Publisher :
Page : pages
File Size : 50,1 MB
Release : 1988
Category :
ISBN :
Book Description
Consumer Price Index Manual
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 574 pages
File Size : 36,68 MB
Release : 2004-08-25
Category : Business & Economics
ISBN : 9789221136996
Book Description
The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. It is a key statistic for economic and social policymaking and has substantial and wide-ranging implications for governments, businesses, and households. This important and comprehensive Manual provides guidelines for statistical offices and other agencies responsible for constructing CPIs, and explains in-depth the methods that are used to calculate a CPI. It also examines the underlying economic and statistical concepts and principles needed for making choices in efficient and cost-effective ways, and for appreciating the full implications of those choices.
