On the Double Imputation Hedonic Price Index
AbstractIn this short paper we present an empirical comparison of two price indexes: the 'consecutive two period chained time dummy double imputation hedonic price index' recently adopted by the ABS for their computer price index and the 'multi-period dummy variable hedonic price index' that is commonly used in academic research. The comparison is conducted using a publicity available data set and indicates this new index is far more suited to goods like computers where newly introduced models tend to dominate the data set.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 35 (2005)
Issue (Month): 1-2 (March/September)
Hedonic; Price Indexes; Prices;
Find related papers by JEL classification:
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Prentice & Xiangkang Yin, 2004.
"Constructing a Quality-Adjusted Price Index for a Heterogeneous Oligopoly,"
University of Manchester, vol. 72(4), pages 423-442, 07.
- David Prentice & Xiangkang Yin, 2000.
"Measuring Quality-Adjusted Inflation Rates for a Heterogeneous Oligopoly,"
2000.06, School of Economics, La Trobe University.
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