Using Hedonic Methods for Quality Adjustment in the CPI:The Consumer Audio Products Component - Brossura

Kokoski, Mary

Brossura

ISBN 10: 1491214538 ISBN 13: 9781491214534

Casa editrice: CreateSpace Independent Publishing Platform, 2013

Riassunto

There has been strong recommendation that the BLS explore the use of hedonic methods forquality adjustment in the Consumer Price Index (CPI) for decades. The Price Statistics ReviewCommittee (the Stigler Commission Report) in 1961 expressed the view that hedonic analysis would provide a “more objective” approach to addressing quality change than the BLS standard methods of dealing with this issue (Triplett (1990)). More recently, the Advisory Commission to Study theConsumer Price Index (the Boskin Commission Report, 1996) reiterated this recommendation,recognizing that accurate measures of quality change will enable a more accurate measure of pure price,or “cost-of-living” change. Categories of goods and services where quality changes are frequent andrelatively easy to identify are the best candidates for using hedonic methods, given that data can beacquired.

Dettagli dell'edizione

• Editore: CreateSpace Independent Publishing Platform
• Data di pubblicazione: 2013
• Lingua: Inglese
• ISBN 10: 1491214538
• ISBN 13: 9781491214534
• Rilegatura: Copertina flessibile
• Numero di pagine: 54
• Contatto del produttore: Manufactured by Amazon on behalf of the author; https://www.amazon.it/hz/contact-us; ; c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy; Luxembourg; L-1855; Lussemburgo