A Practical Guide to Price Index and Hedonic Techniques

A Practical Guide to Price Index and Hedonic Techniques

4.11 - 1251 ratings - Source

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 best to construct these measures when the data are less than ideal. A related objective is to fill the wide gulf between the necessarily simplistic elementary treatments in textbooks and the very complex discussions found in the theoretical and empirical measurement literature. Here, the theoretical results are summarized in an intuitive way and their numerical importance is illustrated using data and results from existing studies. Finally, while the aim of much of the existing literature is to better understand official price indexes like the Consumer Price Index, the emphasis here is more practical: to provide the needed tools for individuals to apply these techniques on their own. As new datasets become increasingly accessible, tools like these will be needed to obtain summary price measures. Indeed, these techniques have been applied for years in antitrust cases that involve pricing, where economic experts typically have access to large, granular datasets.Table 4.3. continued CONTINUED MAJOR FEATURES MODEL NUMBER J1 High Definition Television (HDTV) X99 Manufacturera#39;s Model ... Input AE4 Learning (learns codes of other brands) BRAND AE5 Combined Universal/ Learning Remote W1 Curtis Mathes W2 Emerson W3 General Electric W4 Goldstar W5 Hitachi W6 JVC W7 Magnavox W8 Memorex W9 Mitsubishi (MGA) W10 Panasonic _ _ _ _anbsp;...

Title:A Practical Guide to Price Index and Hedonic Techniques
Author:Ana M. Aizcorbe
Publisher:OUP Oxford - 2014-06-12


You Must CONTINUE and create a free account to access unlimited downloads & streaming