30792
20131209145632.0
oai:doc.rero.ch:20121203133555-PM
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cdu34
eng
33
Brachinger, Hans Wolfgang
eng
Statistical Theory of Hedonic Price Indices
2002
18
eng
In the economic literature, essentially, hedonic techniques either are applied straightforwardly or the economic foundations of the hedonic hypothesis are discussed. In this paper, the statistical foundations of hedonic price indices are developed. After a short overview on well-known functional forms of hedonic equations, first, precise hedonic notions of a good and its price are specified. These specifications allow a clear-cut definition of true hedonic price indices. Then, the problem of estimating hedonic price indices is treated. It is shown, first, that the usual hedonic price index formulae result from estimating certain true indices in a special way and, second, that the techniques used in practice for estimating hedonic indices are just first approaches.
eng
Hedonic regression ; functional forms of hedonic equations ; hedonic price of a good ; true hedonic price index ; true hedonic Laspeyres price index, true hedonic Paasche price index ; true adjacent periods price index ; estimated hedonic price indices
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Faculté des sciences économiques et sociales
Department of Quantitative Economics
Décanat, Av. de l'Europe 20, 1700 Fribourg
Université de Fribourg
Fribourg
doc.support@rero.ch
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Working Papers DQE
20121203133555-PM