Bosworth, Derek; Massini, Silvia; Nakayama, Masako - In: Journal of Evolutionary Economics 12 (2002) 1, pp. 135-162
This paper explores the use of time series data to isolate quality change in the Japanese economy using a hedonic procedure. We argue that the traditional approach to hedonic estimation based upon panel data sets of different brands in a given product area is extremely resource intensive and,...