A quality-constant price index for new cars in the UK, 1986 to 1995

Laura Blow and Ian Crawford
Additional contact information
Laura Blow: Institute for Fiscal Studies and University of Surrey

No W98/12, IFS Working Papers from Institute for Fiscal Studies

Abstract: This paper presents an hedonic model of the price of a sample of new cars available in the UK during the period 1986 to 1995. It overcomes the problem of collinearity in the characteristics data by grouping them on a priori grounds and then using principal components analysis to generate group characteristic indices. The resulting hedonic index is compared to the mean price index and is shown to be significantly different by the end of the period studied.

JEL-codes: D12 (search for similar items in EconPapers)
Date: 1998-10-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.ifs.org.uk (application/pdf)

Related works:
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:ifs:ifsewp:98/12

Ordering information: This working paper can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE

Access Statistics for this paper

More papers in IFS Working Papers from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().