Arbeitspapier
Valuing quality
This paper uses revealed preference restrictions and nonparametric statistical methods to bound a quality-constant price series for a good that changes quality over time. Unlike the more usual hedonic regression techniques for estimating quality-adjusted prices, this method does not require us to observe the changing characteristics of the good or to assume a particular functional relationship between these characteristics and quality. To place a bound on quality change using revealed preference conditions we assume that preferences are stable over time, that quality change occurs in one good or group of goods and that the direction of quality change is known.
- Sprache
-
Englisch
- Erschienen in
-
Series: IFS Working Papers ; No. W99/21
- Klassifikation
-
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blow, Laura
Crawford, Ian
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Fiscal Studies (IFS)
- (wo)
-
London
- (wann)
-
1999
- DOI
-
doi:10.1920/wp.ifs.1999.9921
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Blow, Laura
- Crawford, Ian
- Institute for Fiscal Studies (IFS)
Entstanden
- 1999
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