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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
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
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
Various fields of economic analysis (e.g., growth and productivity) and economic policy (e.g., monetary and social policy) rely on accurate measures of price change. Unfortunately, the price index formulae that most price statisticians consider as particularly accurate - the superlative indices...
Persistent link: https://www.econbiz.de/10012012496
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
The availability of large transaction level datasets, such as retail scanner data, provides a wealth of information on prices and quantities that national statistical institutes can use to produce more accurate, timely, measures of inflation. However, there is no universally agreed upon method...
Persistent link: https://www.econbiz.de/10014419259