Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/90821 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
IFS Working Papers No. W99/21
Verlag: 
Institute for Fiscal Studies (IFS), London
Zusammenfassung: 
This paper uses revealed preference restrictions and nonparametric statistical methods to bound a quality-constant price series for a good that changes quality over time. Unlike the more usual hedonic regression techniques for estimating quality-adjusted prices, this method does not require us to observe the changing characteristics of the good or to assume a particular functional relationship between these characteristics and quality. To place a bound on quality change using revealed preference conditions we assume that preferences are stable over time, that quality change occurs in one good or group of goods and that the direction of quality change is known.
JEL: 
C43
D11
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
266.73 kB





Publikationen in EconStor sind urheberrechtlich geschützt.