Bootstrapping a Hedonic Price Index: Experience from Used Cars Data
No 4, DQE Working Papers from Department of Quantitative Economics, University of Freiburg/Fribourg Switzerland
Every hedonic price index is an estimate of an unknown economic parameter. It depends, in practice, on one or more random samples of prices and characteristics of a certain good. Bootstrap resampling methods provide a tool for quantifying sampling errors. Following some general reflections on hedonic elementary price indices, this paper proposes a case-based, a model-based, and a wild bootstrap approach for estimating confidence intervals for hedonic price indices. Empirical results are obtained for a data set on used cars in Switzerland. A simple and an enhanced adaptive semi-logarithmic model are fit to monthly samples, and bootstrap confidence intervals are estimated for Jevons-type hedonic elementary price indices.
Keywords: hedonic regression; hedonic price indices; bootstrap methods; wild bootstrap; confidence intervals; used cars (search for similar items in EconPapers)
JEL-codes: C43 C15 E31 L62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm, nep-mic, nep-res and nep-ure
Date: 2005-07-22, Revised 2007-01-20
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Published in AStA Advances in Statistical Analysis, 2007, vol. 91, no. 1, pp. 77-92.
Downloads: (external link)
Journal Article: Bootstrapping a hedonic price index: experience from used cars data (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:fri:dqewps:wp0004
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in DQE Working Papers from Department of Quantitative Economics, University of Freiburg/Fribourg Switzerland Bd de Pérolles 90, CH-1700 Fribourg. Contact information at EDIRC.
Series data maintained by Ivo raemy ().