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A Practical Guide to Price Index and Hedonic Techniques
Contributor(s): Aizcorbe, Ana M. (Author)

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ISBN: 0198702426     ISBN-13: 9780198702429
Publisher: Oxford University Press, USA
OUR PRICE: $85.50  

Binding Type: Hardcover - See All Available Formats & Editions
Published: August 2014
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
Additional Information
BISAC Categories:
- Business & Economics | Econometrics
- Business & Economics | Statistics
- Business & Economics | Economics - Microeconomics
Dewey: 338.528
Physical Information: 0.6" H x 6.2" W x 9.3" L (0.80 lbs) 160 pages
Features: Bibliography
 
Descriptions, Reviews, Etc.
Publisher Description:
This book provides an accessible guide to price index and hedonic techniques, with a focus on how to best apply these techniques and interpret the resulting measures. One goal of this book is to provide first-hand experience at constructing these measures, with guidance on practical issues
such as what the ideal data would look like and how best to construct these measures when the data are less than ideal.

A related objective is to fill the wide gulf between the necessarily simplistic elementary treatments in textbooks and the very complex discussions found in the theoretical and empirical measurement literature. Here, the theoretical results are summarized in an intuitive way and their numerical
importance is illustrated using data and results from existing studies.

Finally, while the aim of much of the existing literature is to better understand official price indexes like the Consumer Price Index, the emphasis here is more practical: to provide the needed tools for individuals to apply these techniques on their own. As new datasets become increasingly
accessible, tools like these will be needed to obtain summary price measures. Indeed, these techniques have been applied for years in antitrust cases that involve pricing, where economic experts typically have access to large, granular datasets.

 
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