Hedonic methods are currently considered state-of-the-art for handling quality changes when compiling consumer price indices. The present article proposes first a mathematical description of characteristics and of elementary aggregates. In a following step, a hedonic econometric model is formulated and hedonic elementary population indices are defined. These indices extend from simple indices...
|
After the introduction of the euro notes and coins in January 2002, throughout the Economic and Monetary Union member countries there was a widespread feeling that the euro had brought about a significant hike in consumer prices. A substantial discrepancy was evident between inflation as measured by the official consumer price indices (CPI) and the one perceived by the general public. In this...
|
Gegenstand der vorliegenden Arbeit ist ein Versuch, das Verhältnis zwischen wirtschaftsstatistischer Information und dem Ausschnitt der Wirklichkeit, über den sie etwas auszusagen behauptet, neu zu überdenken. Dabei geht es darum, einen Begriff der Problem- und Wirklichkeitsangemessenheit zu entwickeln, welcher der Wirtschafts- und Sozialstatistik gerecht wird. Nach einer allgemeinen...
|
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....
|
