Measuring Product Prices under Conditions of Quality Change: The Case of Passenger Cars in Greece.

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Bitros, George C; Panas, Epaminondas E;
  • Journal: Journal of Industrial Economics, volume 37, issue 2 December, pages 167-86

The envelope curve of the bid functions for car characteristics in Greece is used to analyze the relationship between nominal and quality-adjusted car prices for 1965-85. It is estimated using the Box-Cox flexible functional form technique in a modification of S. Rosen'... View more
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