Econometric analysis of price index for home video cassette recorders in the U.S., 1978-1987
This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indices decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution of quality and price in the VCR market. As a result of the exclusion of the VCR category until 1986, the paper estimates a bias of 2.4% per year in the CPI electronics subindex.
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Volume (Year): 12 (2003)
Issue (Month): 2 ()
Pages: 179-197
| Handle: | RePEc:taf:ecinnt:v:12:y:2003:i:2:p:179-197 |
| DOI: | 10.1080/10438590303127 |
| Contact details of provider: | Web page: http://www.tandfonline.com/GEIN20
|
| Order Information: | Web: http://www.tandfonline.com/pricing/journal/GEIN20 |
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- repec:ucp:bknber:9780226304557 is not listed on IDEAS
- Ernst R. Berndt & Zvi Griliches, 1993.
"Price Indexes for Microcomputers: An Exploratory Study,"
NBER Chapters,in: Price Measurements and Their Uses, pages 63-100
National Bureau of Economic Research, Inc.
- Ernst R. Berndt & Zvi Griliches, 1990. "Price Indexes for Microcomputers: An Exploratory Study," NBER Working Papers 3378, National Bureau of Economic Research, Inc.
- David, P.A., 2000. "Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," Papers 99-011, United Nations World Employment Programme-.
- Paul A. David, 2005. "Understanding Digital Technology’s Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," Macroeconomics 0502022, EconWPA.
- Robert J. Gordon, 2000. "The Boskin Commission Report and its Aftermath," NBER Working Papers 7759, National Bureau of Economic Research, Inc.
- S. J. Liebowitz & Stephen E. Margolis, 1994. "Network Externality: An Uncommon Tragedy," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 133-150, Spring.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Robert J. Gordon, 1990. "The Measurement of Durable Goods Prices," NBER Books, National Bureau of Economic Research, Inc, number gord90-1, June. Full references (including those not matched with items on IDEAS)
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