Showing 1 - 10 of 367
divide nominal expenditures by an official government price index to decompose these expenditures into price and quantity … components. In this paper we construct a new price index for the treatment of one illness depression. Making use of results from … regardless of which index number procedure is employed time period the treatment price index for the acute phase of major …
Persistent link: https://www.econbiz.de/10013249357
by constructing an index of technology availability in hospitals. Our index is based on the number of services provided … by a hospital, weighted by how rare those services are. We use the index to examine the relationship between managed care … than growth in lower market share areas. To the extent that our index captures variation in the costs of new technologies …
Persistent link: https://www.econbiz.de/10013229819
The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and … index number formula. The great variation in relative prices and quantities in the international context means that the … approach, the concept of a superlative bilateral index number formula (which can adequately model substitution effects) is …
Persistent link: https://www.econbiz.de/10013137597
This paper examines the problem of measuring the growth of a monetary aggregate in the presence of innovations in financial markets and changes in the relationship between individual assets and output. We propose constructing a monetary aggregate so that it is a good leading indicator of nominal...
Persistent link: https://www.econbiz.de/10013125265
Biomedical R&D Price Index (BRDPI) focused on input costs rose only 2.2-fold. Most of the disparity appears to be attributable to … agencies to develop a producer price index for this type of R&D activity, contributing to broader efforts to develop a deflator …
Persistent link: https://www.econbiz.de/10013064303
Millions of goods and services are now unavailable in many countries due to the current coronavirus pandemic, dramatically impacting on the construction of key economic statistics used for informing policy. This situation is unprecedented; hence methods to address it have not previously been...
Persistent link: https://www.econbiz.de/10012833756
We describe a new index of the current and historical returns to venture-type capital. The conceptual basis for the … index is the value of a continuously reinvested value-weighted portfolio of all venture-backed and similar pre …-public companies. It provides a metric for private equity comparable to the Samp;P 500 for public equity. We build the index from …
Persistent link: https://www.econbiz.de/10012785970
standalone market indexes. Reclassifications from one index to another require thousands of investors to decide how to react. We … substantially overshoot between the announcement and effective dates—prices fall when a market moves from an index with more …
Persistent link: https://www.econbiz.de/10012952509
We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these patents are distinct from previous work but are...
Persistent link: https://www.econbiz.de/10012907760
Measuring the performance of private equity investments (buyout and venture) has historically only been possible over long horizons because the IRR on a fund is only observable following the fund's final distribution. We propose a new approach to evaluating performance using actual prices paid...
Persistent link: https://www.econbiz.de/10012908484