New characteristics and hedonic price index numbers
Changes in product characteristics on the extensive margin (the addition of new features and the removal of old ones) are an important and hitherto neglected dimension of quality change. Standard techniques for adjusting price indices for new goods cannot handle such changes satisfactorily, and this...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
MIT Press
2023
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