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trends at different points in their life cycle then matched sample methods may introduce bias if the life cycle movement in … pricing effects and then examines the bias it can introduce in measured inflation. A large US supermarket scanner data set for … change is important across a range of products and cities. To explore the bias introduced by these movements we use …
Persistent link: https://www.econbiz.de/10012987900
We define a class of bias problems that arise when purchasers shift their expenditures among sellers charging different … purposes of price measurement. For business-to-business transactions, these shifts can cause sourcing substitution bias in the … sales or among retailers charging different per unit prices, this can cause a promotions bias problem in the Consumer Price …
Persistent link: https://www.econbiz.de/10013044106
Index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has …
Persistent link: https://www.econbiz.de/10014110279
The present paper shows that product-specific regional price dispersion usually causes the Country-Product-Dummy (CPD) method to be biased. In cases where it is not, this index number method is still inefficient and inference is invalid. In view of this, a nonlinear generalization of the CPD...
Persistent link: https://www.econbiz.de/10013460131
The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation...
Persistent link: https://www.econbiz.de/10010356068
In order to provide information concerning the significant contributions to price index theory made by Moritz Wilhelm …
Persistent link: https://www.econbiz.de/10010356084
Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium counterpart obtained from the user-cost condition. Empirical implementation of this idea, however, is problematic because of quality differences between sold and rented dwellings....
Persistent link: https://www.econbiz.de/10010359516
narrowly defined we nevertheless find evidence of a slight bias in the postcode based indexes. This can be attributed to …
Persistent link: https://www.econbiz.de/10010359519
In this paper, we examine the stochastic structure of a consumer price index and its inflation that ultimately provides the basis for monetary policy and other contracting fulfillments. The index is the broad monthly consumer price index, IPC-A of the Brazilian Institute of Geography and...
Persistent link: https://www.econbiz.de/10013125803
There exist many different public indices which all purport to measure in some way changes in value in property markets.The primary purpose of this paper is to discuss what the various index methods actually represent, the significantly different results they can give and their successes or...
Persistent link: https://www.econbiz.de/10013097901