change. Standard techniques for quality-adjusting price indices cannot handle such changes satisfactorily, which leads to an … economically and statistically significant bias in the measurement of prices and real output. We combine theoretical insights from …

We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial … the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the …

school quality. We also find that gratification and reward arguments, and imperfect price information explain the price …

overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …

unique equilibrium, which is separating. Higher-quality sellers post higher prices, so price signals quality. The arrival … higher continuation values. For some parameter values, higher-quality sellers post the full-information price; for other … values these sellers have to post a higher price to keep lower-quality sellers from mimicking them. In an extension, we show …

This paper examines the relationship between US disposable personal income (DPI) and house price index (HPI) during the … ; house price index ; fractional integration …

indicator, rather than as a comprehensive welfare measure. On this basis, a consistent set of chained price and quantity indexes …