Measurement Bias in Price Indices: An Application to the UK's RPI
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Ernst R. Berndt & Zvi Griliches, 1993.
"Price Indexes for Microcomputers: An Exploratory Study,"
NBER Chapters, in: Price Measurements and Their Uses,
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.
- Berndt, Ernst R & Griliches, Zvi & Rosett, Joshua G, 1993.
"Auditing the Producer Price Index: Micro Evidence from Prescription Pharamceutical Preparations,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 11(3), pages 251-264, July.
- Ernst R. Berndt & Zvi Griliches & Joshua G. Rosett, 1992. "Auditing the Producer Price Index: Micro Evidence From Prescription Pharmaceutical Preparations," NBER Working Papers 4009, National Bureau of Economic Research, Inc.
- Braithwait, Steven D, 1980. "The Substitution Bias of the Laspeyres Price Index: An Analysis Using Estimated Cost-of-Living Indexes," American Economic Review, American Economic Association, vol. 70(1), pages 64-77, March.
- Kenneth H. Brown & Shane M. Greenstein, 1995. "How Much Better is Bigger, Faster & Cheaper? Buyer Benefits from Innovation in Mainframe Computers in the 1980s," NBER Working Papers 5138, National Bureau of Economic Research, Inc.
- Alan S. Blinder, 1980. "The Consumer Price Index and the Measurement of Recent Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 11(2), pages 539-573.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wynne, Mark A & Sigalla, Fiona D, 1996.
"A Survey of Measurement Biases in Price Indexes,"
Journal of Economic Surveys, Wiley Blackwell, vol. 10(1), pages 55-89, March.
- Fiona Sigalla & Mark A. Wynne, 1993. "A survey of measurement biases in price indexes," Working Papers 9340, Federal Reserve Bank of Dallas.
- David Colman, 2010. "Agriculture's terms of trade: issues and implications," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 1-15, November.
- Maliar, Lilia & Maliar, Serguei & Tsener, Inna, 2022.
"Capital-skill complementarity and inequality: Twenty years after,"
Economics Letters, Elsevier, vol. 220(C).
- Maliar, Serguei & Tsener, Inna, 2020. "Capital-Skill Complementarity and Inequality: Twenty Years After," CEPR Discussion Papers 15228, C.E.P.R. Discussion Papers.
- Stranger, Greg & Greenstein, Shane, 2008. "Pricing in the shadow of firm turnover: ISPs during the 1990s," International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 625-642, May.
- Berndt Ernst R. & Cockburn Iain M. & Cocks Douglas L. & Epstein Arnold M. & Griliches Zvi, 1998.
"Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs,"
Forum for Health Economics & Policy, De Gruyter, vol. 1(1), pages 1-45, January.
- Ernst R. Berndt & Iain M. Cockburn & Douglas L. Cocks & Arnold M. Epstein & Zvi Griliches, 1998. "Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs," NBER Chapters, in: Frontiers in Health Policy Research, Volume 1, pages 33-76, National Bureau of Economic Research, Inc.
- Ernst R. Berndt & Iain M. Cockburn & Douglas L. Cocks & Arnold Epstein & Zvi Griliches, 1997. "Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs," NBER Working Papers 6182, National Bureau of Economic Research, Inc.
- Osbat, Chiara & Conflitti, Cristina & Eiglsperger, Martin & Goldhammer, Bernhard & Kuik, Friderike & Menz, Jan-Oliver & Rumler, Fabio & Moreno, Marta Saez & Segers, Lina & Wieland, Elisabeth & Bellocc, 2023. "Measuring inflation with heterogeneous preferences, taste shifts and product innovation: methodological challenges and evidence from microdata," Occasional Paper Series 323, European Central Bank.
- Michael J. Boskin, 1998. "Consumer Prices, the Consumer Price Index, and the Cost of Living," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 3-26, Winter.
- Mark A. Wynne, 2008.
"Core inflation: a review of some conceptual issues,"
Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 205-228.
- Mark A. Wynne, 1999. "Core inflation: a review of some conceptual issues," Working Papers 9903, Federal Reserve Bank of Dallas.
- Wynne, Mark A., 1999. "Core inflation: a review of some conceptual issues," Working Paper Series 5, European Central Bank.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1995.
"Higher Prices from Entry: Pricing of Brand-Name Drugs,"
Competition Policy Center, Working Paper Series
qt75g4k1nt, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1996. "Higher Prices From Entry: Pricing Of Brand-Name Drugs," CUDARE Working Papers 25104, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1996. "Higher Prices from Entry: Pricing of Brand-Name Drugs," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1sh175fc, Department of Agricultural & Resource Economics, UC Berkeley.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1995. "Higher Prices from Entry: Pricing of Brand-Name Drugs," Competition Policy Center, Working Paper Series qt1ts674n2, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1995. "Higher Prices from Entry: Pricing of Brand-Name Drugs," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt75g4k1nt, Department of Agricultural & Resource Economics, UC Berkeley.
- Perloff, Jeffrey M. & Suslow, Valerie Y. & Seguin, Paul J., 1995. "Higher Prices from Entry: Pricing of Brand-Name Drugs," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1ts674n2, Department of Agricultural & Resource Economics, UC Berkeley.
- Guerrero De Lizardi, C. & Pérez García, J., 2002. "Comparación del precio de los ordenadores en Estados Unidos y España 1990-2000: un enfoque hedónico," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 20, pages 549-564, Diciembre.
- Basu, Amiya & Mazumdar, Tridib & Raj, S.P., 2007. "Components of optimal price under logit demand," European Journal of Operational Research, Elsevier, vol. 182(3), pages 1084-1106, November.
- Berndt, Ernst R & Griliches, Zvi & Rosett, Joshua G, 1993.
"Auditing the Producer Price Index: Micro Evidence from Prescription Pharamceutical Preparations,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 11(3), pages 251-264, July.
- Ernst R. Berndt & Zvi Griliches & Joshua G. Rosett, 1992. "Auditing the Producer Price Index: Micro Evidence From Prescription Pharmaceutical Preparations," NBER Working Papers 4009, National Bureau of Economic Research, Inc.
- Patricia M. Danzon & Allison Percy, 1999. "The Effects of Price Regulation on Productivity in Pharmaceuticals," NBER Chapters, in: International and Interarea Comparisons of Income, Output, and Prices, pages 371-418, National Bureau of Economic Research, Inc.
- Dusan Paredes Araya & Victor Iturra Rivera, 2013.
"Substitution bias and the construction of a spatial cost of living index,"
Papers in Regional Science, Wiley Blackwell, vol. 92(1), pages 103-117, March.
- Dusan Paredes & Víctor Iturra, 2011. "Substitution Bias and the Construction of a Spatial Cost of Living Index," Documentos de Trabajo en Economia y Ciencia Regional 13, Universidad Catolica del Norte, Chile, Department of Economics, revised May 2011.
- Atuesta, Laura & Paredes, Araya, 2011. "A Spatial Cost of Living Index for Colombia using a Microeconomic Approach and Censored Data," MPRA Paper 30580, University Library of Munich, Germany.
- Ernst R. Berndt & David M. Cutler & Richard Frank & Zvi Griliches & Joseph P. Newhouse & Jack E. Triplett, 2001.
"Price Indexes for Medical Care Goods and Services -- An Overview of Measurement Issues,"
NBER Chapters, in: Medical Care Output and Productivity, pages 141-200,
National Bureau of Economic Research, Inc.
- Ernst R. Berndt & David M. Cutler & Richard G. Frank & Zvi Griliches & Joseph P. Newhouse, 1998. "Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues," NBER Working Papers 6817, National Bureau of Economic Research, Inc.
- Ernst R. Berndt & David M. Cutler & Richard G. Frank & Zvi Griliches & Joseph P. Newhouse & Jack E. Triplett, 1998. "Price Indexes for Medical Care Goods and Services: An Overview of Measurement Issues," Harvard Institute of Economic Research Working Papers 1851, Harvard - Institute of Economic Research.
- Christos Ioannidis & Mick Silver, 1999. "Estimating exact hedonic indexes: An application to UK television sets," Journal of Economics, Springer, vol. 69(1), pages 71-94, February.
- Garcia-Swartz, Daniel D. & Muhamedagić, Mensur & Saenz, Diana, 2019. "The role of prices and network effects in the growth of the iPhone platform," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 110-122.
- Saul Lach & Rafael Rob, 1996.
"R&D, Investment, and Industry Dynamics,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 5(2), pages 217-249, June.
- Saul Lach & Rafael Rob, 1992. "R&D, Investment and Industry Dynamics," NBER Working Papers 4060, National Bureau of Economic Research, Inc.
- Saul Lach & Rafael Rob, 1995. "R&D, investment and industry dynamics," Finance and Economics Discussion Series 95-47, Board of Governors of the Federal Reserve System (U.S.).
- Shane Greenstein & Ryan C. McDevitt, 2009. "The Broadband Bonus: Accounting for Broadband Internet's Impact on U.S. GDP," NBER Working Papers 14758, National Bureau of Economic Research, Inc.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boe:boeewp:47. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Digital Media Team (email available below). General contact details of provider: https://edirc.repec.org/data/boegvuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.