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...

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Main Authors: Crawford, IAN, Neary, P
פורמט: Journal article
שפה:English
יצא לאור: MIT Press 2023
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