On the Double Imputation Hedonic Price Index

M.L. Kremmer and D. Prentice
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M.L. Kremmer: unknown
D. Prentice: unknown

Economic Analysis and Policy (EAP), 2005, vol. 35, issue 1-2, pages 103-112

Abstract: In this short paper we present an empirical comparison of two price indexes: the 'consecutive two period chained time dummy double imputation hedonic price index' recently adopted by the ABS for their computer price index and the 'multi-period dummy variable hedonic price index' that is commonly used in academic research. The comparison is conducted using a publicity available data set and indicates this new index is far more suited to goods like computers where newly introduced models tend to dominate the data set.

Keywords: Hedonic; Price Indexes; Prices (search for similar items in EconPapers)
JEL-codes: C43 E31 L11 (search for similar items in EconPapers)

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