Skip to main content

Bias and inefficiency in quality-adjusted hedonic regression analysis

Buy Article:

$53.17 plus tax (Refund Policy)

Abstract:

Numerous quality-adjusted hedonic price-trend studies based on computer prices have provided support to widely held suspicions that officially released price indices are not accurately measuring the price declines occurring in many information technology (IT) products. If provable, then general price inflation is being overestimated and, consequently, real GDP is being underestimated. Existing evidence, however, is inconclusive. First, empirical findings for IT products other than computers are essentially non-existent and, secondly, estimation bias is inherent in the hedonic regression technique most commonly employed. This article presents an unbiased method together with an estimated quality-adjusted price trend for laser printers (1993-2004).

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840500427841

Affiliations: Faculty of Economics and Management, Otto-von-Guericke-Universit├Ąt Magdeburg, Germany

Publication date: January 1, 2007

More about this publication?
routledg/raef/2007/00000039/00000001/art00010
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more