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Xiangkang, Yin ; David, Prentice ; Xiangkang, Yin. (2000) Measuring Quality-Adjusted Inflation Rates for a Heterogeneous Oligopoly.
In: Working Papers. RePEc:trb:wpaper:2000.06.
Full description at Econpapers
cites:
6. The third method is the characteristics price method; see Dulberger (1989) and Triplett (1989). 7. For the single period regression, quality-adjusted prices are estimated and directly placed in an index. 8. Without demonstration of method, Griliches indicates that âwe should use a weighted regression approach, since we are interested in an estimate of a weighted average of the pureprice change, rather than just an unweighted average over all possible models, no matter how peculiar or rare.â Raff and Trajtenberg admit that they have not considered weights because of the lack of quantity data. 9. The number of characteristics is reduced from 126 by eliminating characteristics that are (1) bundles of other characteristics (2) exclusive to one make (3) Creating Size by multiplying Length by Width. Prices are list rather than transaction prices â though reporting transaction prices for a product featuring haggling would have to be done carefully to avoid introducing other biases.
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