Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …

hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …

High and increasing hospital prices have led to calls for price regulation. If prices are high because of consolidation …

find that the products' sales are affected significantly by price, quality attributes (such as number of FDA- approved …

-adjusted or pure price index; a quality index, which measures changes in the product mix; and a supplier index, which measures … changes in the source of supply. We also derive a measure of welfare cost, which equals the inverse of a Paasche price index … minus the inverse of an exact price index. Over the 1969-74 VRA period we find quality upgrading of 7.4 percent in U …