Showing 1 - 10 of 204
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
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
Advances in structural demand estimation have substantially improved economists' ability to forecast the impact of mergers. However, these models rely on extensive assumptions about consumer choice and firm objectives, and ultimately observational methods are needed to test their validity....
Persistent link: https://www.econbiz.de/10012762094