A Practical Guide to Price Index and Hedonic Techniques by Ana M. Aizcorbe
By Ana M. Aizcorbe
A comparable aim is to fill the large gulf among the inevitably simplistic straightforward remedies in textbooks and the very complicated discussions present in the theoretical and empirical size literature. the following, the theoretical effects are summarized in an intuitive manner and their numerical significance is illustrated utilizing information and effects from current studies.
Finally, whereas the purpose of a lot of the prevailing literature is to higher comprehend legitimate fee indexes just like the customer rate Index, the emphasis this is more effective: to supply the wanted instruments for people to use those concepts all alone. As new datasets turn into more and more obtainable, instruments like those should be had to receive precis expense measures. certainly, those recommendations were utilized for years in antitrust circumstances that contain pricing, the place financial experts
typically have entry to massive, granular datasets.
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