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 …

hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to …To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …

In this paper, we construct a price index for broadband services in the United States between 2004 and 2009. We analyze …-model methods and hedonic price index estimations to adjust for qualitative improvements. In general, we find some evidence of a … quality-adjusted price decline, but the evidence points towards a modest decline at most. Our estimates of the price decline …

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 …

continuum of bubble equilibria. In all the equilibria the price of the resource rises at the rate of interest. In a bubble … forever. And that may well be happening in the market for high-end Bordeaux wines …

, wine in particular, rebounded through all forms of media. In the spring of 2003, French business people even reported that … the boycott calls were hurting their U.S. sales. Using a dataset of sales of nearly 4,700 individual wine brands, we show … that there actually was no boycott effect. Rather, sales of French wine dipped for two reasons. First, they experience a …

The French Opposition to the war in Iraq in early 2003, prompted calls for a boycott of French wine in the US. We …

This paper investigates changes in cultural consumption patterns for a low concentration industry: wine and beer. Using … data on 38 countries from 1963-2000, there is clear convergence in the consumption of wine relative to beer between 1963 … and consumption patterns -- although the relative consumption of wine can be explained well in 1963 by grape production …

particular industry, the California wine industry. In both a formal model and an empirical analysis, we examine the implications … of these motivations for market behavior. We find evidence that owners with strong non-financial motivations choose … the process, provide softer price competition for for-profits. Additionally, in aggregate, their preference for quality …