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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 …
Persistent link: https://www.econbiz.de/10013231608
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 …
Persistent link: https://www.econbiz.de/10013244402
This paper accounts for quality improvements and adjustment costs in all inputs to U.S. manufacturing production. Adjustment processes for non-capital inputs are slower than previously recognized. Annual adjustment percentages are: labor 77, capital 30, energy 20, and materials 21. Factor prices...
Persistent link: https://www.econbiz.de/10013232898
Persistent link: https://www.econbiz.de/10011783662
Are location-specific factors--such as the education and attitude of the local workforce, supplier networks, institutional infrastructure, and local "culture"--important for understanding persistent heterogeneities among firms? We address this question in the context of the automobile industry....
Persistent link: https://www.econbiz.de/10013066220
-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 …
Persistent link: https://www.econbiz.de/10012760234
find that the products' sales are affected significantly by price, quality attributes (such as number of FDA- approved …
Persistent link: https://www.econbiz.de/10013226175
High and increasing hospital prices have led to calls for price regulation. If prices are high because of consolidation …
Persistent link: https://www.econbiz.de/10013310323
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in unconditionalʺ sectoral price flexibility are found to be linked to …
Persistent link: https://www.econbiz.de/10003339174
Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...
Persistent link: https://www.econbiz.de/10013131987