 Approaches to performance measurement in hedonic analysis: Price indexes for laptop computers in the 1990'sPaul Chwelos Economics of Innovation and New Technology, 2003, vol. 12, issue 3, 199-224 Abstract: This paper estimates price indexes for laptop personal computers using hedonic methods and data taken from PC Magazine technical reviews. We use benchmark test results to construct a measure of system performance that encapsulates factors that have previously gone unmeasured, such as the interactions between hardware components. The resulting hedonic function is parsimonious yet has good explanatory power. A second approach to performance measurement is developed using a set of technical proxies that are shown to closely approximate the benchmark test scores, and are thus nearly perfectly equivalent in terms of resulting price index estimates. While not as parsimonious as a single performance measure, these proxies have the advantage of not requiring direct performance testing, and could thus be applied to larger data sets. Laptops were found to have declined in quality-adjusted price at an average rate of 40% per year for the period 1990-1998. Keywords: Hedonics; Price Indexes; Personal Computers; Computer Performance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:12:y:2003:i:3:p:199-224 Ordering information: This journal article can be ordered from DOI: 10.1080/10438590290013609 Access Statistics for this article Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli More articles in Economics of Innovation and New Technology from Taylor & Francis Journals |
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