Abe, Naohito; Enda, Toshiki; Inakura, Noriko; Tonogi, … - Research Center for Economic and Social Risks, … - 2015
This study analyzes the importance of new products for price measurements. Using large-scale retail scanner data in Japan, we construct a unit value price index and decompose its fluctuation into (1) standard price change effects, (2) substitution effects within continuing goods, and (3)...