English, Article, Journal or magazine article edition: Statistical Theory of Hedonic Price Indices Hans Wolfgang Brachinger

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Bookmark: http://trove.nla.gov.au/version/161931
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Statistical Theory of Hedonic Price Indices
Author
  • Hans Wolfgang Brachinger
Physical Description
  • preprint
Notes
  • 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.
  • 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
  • RePEc:fri:dqewps:wp0001
Language
  • English
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