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This paper combines flexible functional form techniques, which provide local approximations to indirect preferenc es with respect to prices and incomes, with spline techniques that provide global approximations with respect to real income. The main technical problem is that real income or...
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Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more appropriate since they include unmatched new and old models. There are two main competing...
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