hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …

, controlling for a host of other influences on price. The estimated effects are statistically and economically significant … condition) see larger price declines than those with shorter remaining lives. These patterns do not seem to be driven solely by …

The average price of treating a colorectal cancer patient with chemotherapy increased from about $100 in 1993 to $36 … substantial increase in spending has been worth it. Using discrete choice methods to estimate demand, we construct a price index … drug quality. A naive price index, which makes no adjustments for the changing attributes of drugs on the market, greatly …

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 … new price indexes based on more than 16,000 data observations from the Sears catalog for that interval. The basic …

We push the span of hedonic price calculations for automobiles backwards towards the industry's birth. Most of the real … into price and quality components. Our calculations suggest that 60% of the overall decline 1906-1940 was due to process …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …

house price and proprietary expenditure data and therefore not easily replicable. We use alternative data on a subset of non …

We provide the first multi-city, constant quality land price index for 35 major markets in China. While there is … meaningful heterogeneity in land price growth across cities, on average the last nine years have seen land values skyrocket in … correlated with land supply volume.We also investigate the quality of the two most prominent house price indexes in China, and …

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 …