Cover: Price Indexes and Quality Change: Studies in New Methods of Measurement, from Harvard University PressCover: Price Indexes and Quality Change in E-DITION

Price Indexes and Quality Change

Studies in New Methods of Measurement

Edited by Zvi Griliches

Available from De Gruyter »

Product Details

E-DITION

$65.00 • £54.95 • €60.00

ISBN 9780674592582

Publication Date: 01/01/1971

287 pages

Tables

World

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When price indexes (such as the Consumer Price Index) are computed by government agencies, quality changes of products are not often taken into account. The papers in this volume, well documented with over 70 tables, analyze the theoretical and empirical problems involved in the measurement of price and quality change. They include a theoretical discussion of quality change and its implications for the construction of price index numbers, by Franklin M. Fisher and Karl Shell; a series of five papers outlining, applying, and extending the hedonic (regression) approach to price change measurement, by Zvi Griliches, Phoebus J. Dhrymes, Irving B. Kravis and Robert E. Lipsey, and Jack E. Triplett; and two papers on the use of secondhand market prices for the measurement of quality change, by Phillip Cagan and Robert E. Hall.

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