Wang, Sun Ling; Schimmelpfennig, David; Ball, Eldon - Agricultural and Applied Economics Association - AAEA - 2013
This study employs new data and a hedonic function to estimate the quality-adjusted price and quantity for farm tractors over the 1950-2011 period. The estimated hedonic prices for tractors are lower than the BLS’ tractor price index in most time period. The lower prices will result in a...