Constructing Quality Adjusted Price Indexes: a Comparison of Hedonic and Discrete Choice Models

Preprint OPEN
N. Jonker; (2001)
  • Subject: logit models; cpi; consumenter behaviour; producer behaviour
    • jel: jel:D11 | jel:D21 | jel:C43 | jel:C25

The Boskin report (1996) concluded that the US consumer price index (CPI) overestimated the inflation by 1.1 percentage points. This was due to several measurement errors in the CPI. One of them is called quality change bias. In this paper two methods are compared which... View more
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