A Practical Guide to Price Index and Hedonic Techniques by Ana M. Aizcorbe

By Ana M. Aizcorbe

This booklet offers an available consultant to cost index and hedonic recommendations, with a spotlight on the right way to top observe those ideas and interpret the ensuing measures. One objective of this ebook is to supply first-hand adventure at developing those measures, with counsel on functional matters reminiscent of what the precise facts could seem like and the way most sensible to build those measures while the information are below ideal.

A similar goal is to fill the large gulf among the inevitably simplistic straight forward remedies in textbooks and the very complicated discussions present in the theoretical and empirical size literature. the following, the theoretical effects are summarized in an intuitive method and their numerical value is illustrated utilizing facts and effects from present studies.

Finally, whereas the purpose of a lot of the prevailing literature is to higher comprehend respectable expense indexes just like the customer rate Index, the emphasis here's simpler: to supply the wanted instruments for people to use those strategies on their lonesome. As new datasets turn into more and more obtainable, instruments like those should be had to receive precis expense measures. certainly, those ideas were utilized for years in antitrust situations that contain pricing, the place fiscal experts
typically have entry to giant, granular datasets.

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