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The relevance of hedonic price indices Author info | Abstract | Publisher info | Download info | Related research | Statistics Olivier Chanel
Louis-André Gérard-Varet
Victor Ginsburgh
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We argue that for the case of heterogeneous commodities with infrequent tradings, such as paintings, it is relevant to base a price index on hedonic regressions using all sales and not resales only. To support this conclusion we construct a price index for paintings by Impressionists and their followers and compare the various estimators using bootstrapping techniques. Copyright Kluwer Academic Publishers 1996
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Article provided by Springer in its journal Journal of Cultural Economics .
Volume (Year): 20 (1996)
Issue (Month): 1 (March)
Pages: 1-24
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Handle: RePEc:kap:jculte:v:20:y:1996:i:1:p:1-24Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100284
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: price index ; heterogeneous commodities ; returns on art investment ; Other versions of this item:
References listed on IDEAS 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.: Karl E. Case & Robert J. Shiller, 1989.
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