Econometric analysis of price index for home video cassette recorders in the U.S., 1978-1987
Hiroshi Ohashi ()
Economics of Innovation and New Technology, 2003, vol. 12, issue 2, 179-197
This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indices decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution of quality and price in the VCR market. As a result of the exclusion of the VCR category until 1986, the paper estimates a bias of 2.4% per year in the CPI electronics subindex.
Keywords: Home Video Cassette Recorders; Price Index; Hedonics; Cpi; New Products (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:12:y:2003:i:2:p:179-197
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