EconPapers    
Economics at your fingertips  
 

Bootstrapping a Hedonic Price Index: Experience from Used Cars Data

Michael Beer

No 4, DQE Working Papers from Department of Quantitative Economics, University of Freiburg/Fribourg Switzerland

Abstract: 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)
Pages: 15 pages
Date: 2005-07-22, Revised 2007-01-20
New Economics Papers: this item is included in nep-ecm, nep-mic, nep-res and nep-ure
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)
http://doc.rero.ch/record/30834/files/WP_DQE_04.pdf (application/pdf)

Related works:
Journal Article: Bootstrapping a hedonic price index: experience from used cars data (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fri:dqewps:wp0004

Ordering information: This working paper can be ordered from
http://doc.rero.ch/record/30834

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.
Bibliographic data for series maintained by Ivo raemy ().

 
Page updated 2020-07-01
Handle: RePEc:fri:dqewps:wp0004