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Sunday, July 26, 2020 | History

4 edition of A reconsideration of hedonic price indices with an application to pc"s found in the catalog.

A reconsideration of hedonic price indices with an application to pc"s

Ariel Pakes

A reconsideration of hedonic price indices with an application to pc"s

by Ariel Pakes

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Price indexes.,
  • Microcomputers -- Prices.

  • Edition Notes

    StatementAriel Pakes.
    SeriesNBER working paper series ;, working paper 8715, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 8715.
    ContributionsNational Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1
    The Physical Object
    FormatElectronic resource
    ID Numbers
    Open LibraryOL3477252M
    LC Control Number2005616920

    5 See, for example, Ariel Pakes, “A reconsideration of hedonic price indexes with an application to PCs,” American Economic Review, vol. 93, no. 5, December , pp. – 6 Andrew Court first proposed using hedonic regressions in price indexes in ; see Court, “Hedonic price indexes with automotive examples,” in The dynamics. of housing, hedonic price indices are officially being used in the Netherlands, Norway, Sweden, and the U.S. (see OECD ()). In the U.K., mix-adjustment is used (see Department of the Environment ()). This procedure can be seen as a non-parametric method similar to (but more general than) an hedonic regression based on the same.

    Hedonic Regressions. A Consumer Theory Approach W. Erwin Diewert. Chapter in NBER book Scanner Data and Price Indexes (), Robert C. Feenstra and Matthew D. Shapiro, editors (p. - ) Conference held September , Published in January by University of Chicago PressCited by: This book provides an accessible guide to price index and hedonic techniques, with a focus on how to best apply these techniques and interpret the resulting measures. One goal of this book is to provide first-hand experience at constructing these measures, with guidance on practical issues such as what the ideal data would look like and how 5/5(2).

    Models”, Ariel P. () “A Reconsideration of Hedonic Price Indexes with an Application to PC’s.”, Erwin Diewert () “Hedonic Regressions A Consumer Theory Approach”, David H. Good, Robin C. Sickles () “A Hedonic Price Index for Airline Travel”, Uğur Yankaya, by: 1. HEDONIC -- - - - - PRICE INDEXES list price in , but not in , totaled more than $, at cata-logue prices. In spite of the decline in actual prices of comparable body types, the tremendous increase in car size and quality, and the fact that more than a hundred dollars of additional equipment was thrown in ((free," the B.L.,,\'.File Size: 2MB.


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A reconsideration of hedonic price indices with an application to pc"s by Ariel Pakes Download PDF EPUB FB2

Siders modified hedonic indexes including the “incomplete hybrid” currently used by the BLS. The hedonic index for PC’s shows a rather sharp decline in prices over the period (15 − 19 percent per annum).

Differences in the rate of decline across years reflect differences in the characteristics of the products marketed and do not change with the details of how the hedonic is constructed. In File Size: KB. Pakes A. A Reconsideration of Hedonic Price Indexes with an Application to PC's.

American Economic Review. ;93 (5)Cited by: The hedonic index does not have this problem. We illustrate with a new study of price indices for PC's.

The hedonic index shows steep price declines in every year. On average, the matched model indices indicate no price fall at all and one commonly used matched model index is negatively correlated with the by: A Reconsideration of Hedonic Price Indices with an Application to PC's Article (PDF Available) February with Reads How we measure 'reads'Author: Ariel Pakes.

Three alternative price indexes are presented to measure the evolution of the package holiday prices: a fixed-base hedonic, chained hedonic and chained Laspeyres price index. The hedonic index does not have this problem. We illustrate with a new study of price indices for PC's.

The hedonic index shows steep price declines in every year. On average, the matched model indices indicate no price fall at all and one commonly used matched model index is negatively correlated with the hedonic. A Reconsideration of Hedonic Price Indexes with an Application to PC's By ARIEL PAKES* This paper compares hedonic to matched model indexes.

Matched model indexes are averages of the price changes of goods that remain on sampled stores' shelves. Since goods that disappear tend to have falling market values, matched model indexes select from the right tail of price changes. The BLS. Pakes, A.

A Reconsideration of Hedonic Price Indexes with an Application to PC’s. American Economic Review, 93(5), Silver, M.

and Heravi, S. The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes. IMF Working Paper WP/06/ Downloadable (with restrictions). This paper compares hedonic to matched model indexes. Matched model indexes are averages of the price changes of goods that remain on sampled stores' shelves.

Since goods that disappear tend to have falling market values, matched model indexes select from the right tail of price changes. The BLS can construct hedonic indexes that correct for this selection and.

Pakes, A. () A reconsideration of hedonic price indexes with an application to PCs, American Economic Review, vol. 93, no. 5, pp. Author: Anthony Owusu-Ansah. Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes Price indexes can be constructed using a “hedonic method” that adjusts for changes in the quality of a product by focusing on a set of key product characteristics.

This is essential for price indexes of products like computersFile Size: 2MB. "A Reconsideration of Hedonic Price Indexes with an Application to PC's," American Economic Review, American Economic Association, vol.

93(5), pagesDecember. Ariel Pakes, " A Reconsideration of Hedonic Price Indices with an Application to PC's," NBER Working PapersNational Bureau of Economic Research, Inc. Get this from a library.

A reconsideration of hedonic price indices with an application to PC's. [Ariel Pakes; National Bureau of Economic Research.].

Get this from a library. A reconsideration of hedonic price indices with an application to PC's. [Ariel Pakes; National Bureau of Economic Research.] -- "This paper provides a justification for hedonic price indices and details the properties of hedonic price functions.

The analysis is done in a market setting in which a finite number of goods, each. This PDF is a selection from a published volume from the National Bureau of Economic Research Pakes, A.

A reconsideration of hedonic price indexes with an application to PCs. The American Economic Review Handbook on hedonic indexes and quality adjustments in price indexes: Special application to information technology products. A failure in the measurement of infl ation: Results from a hedonic and matched experiment using scanner data.

A reconsideration of hedonic price indexes with an application to PCs. Adjacent period dummy variable hedonic regressions and bilateral index number theory. Annales d’économie et de statistique 79/ 1– (). A Reconsideration of Hedonic Price Indices with an Application to PCs.” NBER Working Paper no.

At What Price?: Conceptualizing and Measuring Cost-of-Living and Price Indexes. Bias in the Consumer Price Index: What Is the Evidence?” ().Author: Charles R. Hulten. How to better measure hedonic residential property price indexes Prepared by Mick Silver. Authorized for distribution by Claudia Dziobek November Abstract.

Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy. Pakes, Ariel (), “A Reconsideration of He donic Price Indexes with an Application to PC’s”, American Economic Rev RegTP (), Jahresbericht ().

A price index for art market auctions. An application to the Italian market of modern and contemporary oil paintings, (). A reconsideration of hedonic price indexes with an application to PCs Author: A. Collins, A. Scorcu and R.

Zanola. (). A reconsideration of hedonic price indexes with an application to PCs. (). At what price? Conceptualizing and measuring cost-of-living and price indexes. (). Automobile prices revisited: Extensions of the hedonic hypothesis.

(). Chapters 15 to In Consumer price index manual: Theory and practice, –Author: Saeed Heravi and Mick Silver.A hedonic index is any price index which uses information from hedonic regression, which describes how product price could be explained by the product's c price indexes have proved to be very useful when applied to calculate price indices for information and communication products (e.g.

personal computers) and housing, because they can successfully mitigate problems .Application of the hedonic pricing method. While studying the application of the Hedonic Pricing Method, the first assumption made is the value of a house is affected by a particular combination of characteristics that it possesses given that properties with better qualities demand higher prices as compared to properties with lower qualities.