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Land and House Price Measurement in China

Deng, Yongheng - 2012

We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is … growth in real, constant-quality land values. The 2009-2010 stimulus period typically saw large surges in prices. Three … correlated with land supply volume.We also investigate the quality of the two most prominent house price indexes in China, and …

Persistent link: https://www.econbiz.de/10013100362

Price Indexes for Clinical Trial Research : A Feasibility Study

Berndt, Ernst R. - 2014

We estimate hedonic price indexes for clinical trial research, an important component of biomedical R&D, using a large sample of agreements between trial sponsors and clinical investigators obtained from Medidata Solutions Worldwide Inc. Nominal prices measured as total grant cost per patient...

Persistent link: https://www.econbiz.de/10013064303

A Quality-Adjusted Price Index for Colorectal Cancer Drugs

Lucarelli, Claudio - 2010

for colorectal cancer drugs for each quarter between 1993 and 2005 that takes into consideration the quality (i.e., the … drug quality. A naive price index, which makes no adjustments for the changing attributes of drugs on the market, greatly … overstates the true price increase. By contrast, a hedonic price index and two quality-adjusted price indices show that prices …

Persistent link: https://www.econbiz.de/10013152096

Local House Price Indexes : 1982-1991

Haurin, Donald R. - 2004

We begin with a description of three house price panel data sets for the period 1982 to 1991. Next, we estimate a model that assumes the three sources are derived from an underlying unobserved price series, and we construct composite indexes that report house prices for 135 locations. These...

Persistent link: https://www.econbiz.de/10012786276

Minding Your Ps and Qs : Going from Micro to Macro in Measuring Prices and Quantities

Ehrlich, Gabriel - 2019

Key macro indicators such as output, productivity, and inflation are based on a complex system across multiple statistical agencies using different samples and different levels of aggregation. The Census Bureau collects nominal sales, the Bureau of Labor Statistics collects prices, and the...

Persistent link: https://www.econbiz.de/10012894433

Demystifying the Chinese Housing Boom

Fang, Hanming - 2015

We construct housing price indices for 120 major cities in China in 2003-2013 based on sequential sales of new homes within the same housing developments. By using these indices and detailed information on mortgage borrowers across these cities, we find enormous housing price appreciation during...

Persistent link: https://www.econbiz.de/10013023688

How Fast are Semiconductor Prices Falling?

Byrne, David M. - 2015

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast from the rapid declines reported from the mid-1980s to the early 2000s. This slowdown in the rate of decline is puzzling in light of evidence that...

Persistent link: https://www.econbiz.de/10013024503

Seesaws and Social Security Benefits Indexing

Weinzierl, Matthew - 2014

The price indexation of Social Security benefit payments has emerged in recent years as a flashpoint of debate in the United States. I characterize the direct effects that changes in that price index would have on retirees who differ in their initial wealth at retirement and mortality rates...

Persistent link: https://www.econbiz.de/10013044339

Price Indexes for Medical Care Goods and Services : an Overview of Measurement Issues

Berndt, Ernst R.; Cutler, David M.; Frank, Richard G.; … - 2021

We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the U.S., particularly the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of the medical...

Persistent link: https://www.econbiz.de/10013215700

Apparel Prices 1914-93 and the Hulten/Brueghel Paradox

Gordon, Robert J. - 2021

Backcasting upward bias in price index over long periods of time yields levels of real consumption two or four centuries ago that are implausibly low, raising the possibility that price index bias for important products may have been zero or even negative at some point in the past. This paper...

Persistent link: https://www.econbiz.de/10013218743