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calculated from a standardised cultural consumption basket purchased by a representative consumer over 30 locations in Australia … cultural consumption throughout Australia, based on existing investments and technologies with uniform preference. We find that …
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Both the theory and practice of using hedonic regressions to remove quality effects in price indexes are implicitly developed for monopolistic competitive markets. In this paper, we theoretically and practically analyze the application of a standard hedonic regression for an oligopoly. In the...
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