45
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

Chained, exact and superlative hedonic price changes: estimates from microdata

&
Pages 1005-1014 | Published online: 05 Oct 2010

References

  • Abrahams , K. G. , Greenlees , J. S. and Moulton , B. R. 1998 . Working to improve the consumer price index . Journal of Economic Perspectives , 12 ( 1 ) : 27 – 36 .
  • Advisory Commission to Study the Consumer Price Index . 1995 . Towards a more accurate measure of the cost of living Washington, DC Interim Report to the Senate Finance Committee
  • Arguea , N. M. , Hsiao , C. and Taylor , G. A. 1994 . Estimating consumer preferences using market data-an application to US automobile demand . Journal of Applied Econometrics , 9 : 1 – 18 .
  • Bergen , M. , Duttat , S. and Shugan , S. M. 1996 . Branded variants: a retail perspective . Journal of Marketing Research , XXXIII : 9 – 19 .
  • Berndt , E. R. , Griliches , Z. and Rappaport , N. J. 1995 . Econometric estimates of price indexes for personal computers in the 1990s . Journal of Econometrics , 68 : 243 – 268 .
  • Boskin , M. J. , Dulberger , E. R. , Gordon , R. J. , Griliches , Z. and Jorgenson , D. W. 1998 . Consumer prices, the consumer price index, and the cost of living . Journal of Economic Perspectives , 12 : 3 – 26 .
  • Cunningham , A. 1996 . Measurement bias in price indices: an application to the UKs RPI , Bank of England Working Paper Series, No. 47 London
  • Diewert , W. E. 1976 . Exact and superlative index numbers . Journal of Econometrics , 4 : 115 – 145 .
  • Diewert , W. E. 1978 . Superlative index numbers and consistency in aggregation . Econometrica , 46 : 883 – 900 .
  • Diewert , W. E. 1996 . Axiomatic and economic approaches to elementary price indexes , Discussion Paper Series, 95-01 Department of Economics, University of British Columbia .
  • Diewert , W. E. 1997 . Commentary on Shapero, M. D. and Wilcox, D. W. Alternative strategies for aggregating prices in the CPI . Federal Reserve Bank of St Louis Review , 79 ( 3 ) : 113 – 125 .
  • Feenstra , R. C. 1995 . Exact hedonic price indexes . Review of Economics and Statistics , LXXVII : 634 – 654 .
  • Fixler , D. and Zieschang , K. 1992 . Incorporating ancillary measures of processes and quality change into a superlative productivity index . Journal of Productivity Analysis , 2 : 245 – 267 .
  • Forsyth , F. G. and Fowler , R. F. 1981 . The theory and practice of chain price index numbers . Journal of the Royal Statistical Society , 144A : 224 – 247 .
  • Gandal , N. 1994 . Hedonic price indexes for spreadsheets and an empirical test for network externalities . RAND Journal of Economics , 25 ( 1 ) : 160 – 170 .
  • Gandal , N. 1995 . Competing compatibility standards and network externalities in the PC software market . Review of Economics and Statistics , LXXVII : 599 – 608 . Chicago
  • Gordon , R. L. 1990 . The Measurement of Durable Goods Prices , Chicago : University of Chicago Press .
  • Griliches , Z. 1990 . “ Hedonic price indexes and the measurement of capital and productivity: some historical reflections ” . In Fifty Years of Economic Measurement: The jubilee conference of research in income and wealth , NBER Studies in Income and Wealth, Vol. 54 Edited by: Berndt , E. R. and Triplett , J. E . Chicago : University of Chicago Press .
  • Hendry , D. F. 1995 . Dynamic Econometrics , Oxford : Oxford University Press .
  • Konüs , A. A. 1939 . The problem of the true index of the cost-of-living . Econometrica , January : 10 – 29 .
  • Lebow , D. E , Roberts , J. M. and Stockton , D. J . 1994 . “ Monetary policy and the price level ” . In Federal Reserve Board Washington, DC
  • Lerner , J. 1995 . Pricing and financial resources: an analysis of the disk drive industry, 1980–88 . The Review of Economics and Statistics , LXXVII : 585 – 598 .
  • Liegey , P. R. 1994 . Apparel price indexes: effects of hedonic adjustment . Monthly Labor Review , 117 May : 38 – 45 .
  • Maddala , G. 1989 . Introduction to Econometrics , New York : Macmillan .
  • McFadden , D. 1983 . “ Econometric models of probabilistic choice ” . In Structural Analysis of Discrete Data with Econometric Applications , Edited by: Manski , C. F. and McFadden , D. 198 – 272 . Cambridge, MA : MIT Press .
  • Moulton , B. R. and Moses , K. E. 1997 . Addressing the quality change issue in the consumer price index , Breakings Papers on Economic Activity, 1997:1
  • Nelson , R. A. , Tanguay , T. L. and Patterson , C. D. 1994 . A quality-adjusted price index for personal computers . Journal of Business and Economic Statistics , 12 ( 1 ) : 23 – 31 .
  • Reinsdorf , M. and Moulton , B. R. 1997 . “ The construction of basic components of cost of living indexes ” . In The Economics of New Goods, Studies in Income and Wealth 58 , Edited by: Bresnahan , T. and Gordon , R. J. Chicago : University of Chicago Press .
  • Reinsdorf , M. Divisia indexes and the representative consumer problem . Proceedings of the Fourth Meeting of the International Working Group on Price Indices . Washington, DC : Bureau of Labor Statistics .
  • Shapiro , M. D. and Wilcox , D. W. 1997 . Alternative strategies for aggregating prices in the CPI . Federal Reserve Bank Review , 79 ( 3 ) : 113 – 126 .
  • Silver , M. S. 1995 . Elementary aggregates, micro-indices and scanner data: some issues in the compilation of consumer price indices . Review of Income and Wealth , 41 ( 4 ) : 427 – 438 .
  • Triplett , J. E. 1990 . “ Hedonic methods in statistical agency environments: an intellectual biopsy, in ” . In Fifty Years of Economic Measurement: The Jubilee Conference on Research in Income and Wealth , NBER Studies in Income and Wealth, Vol. 56 Edited by: Berndt , E. R. and Tripplett , J. E. Chicago : University of Chicago Press .
  • Turvey , R. 1989 . Consumer Price Indices: An ILO Manual , Geneva : International Labor Office .
  • White , H. 1990 . A heteroskedasticity-consistent covariance matrix and a direct test for heteroskedasticity . Econometrica , 48 : 817 – 838 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.