عنوان

The measurement of durable goods prices /

(Number (ISBN

0226304558

(Number (ISBN

9780226304557

Number

b711808

Title Proper

The measurement of durable goods prices /

General Material Designation

[Book]

First Statement of Responsibility

Robert J. Gordon.

Place of Publication, Distribution, etc.

Chicago :

Name of Publisher, Distributor, etc.

University of Chicago Press,

Date of Publication, Distribution, etc.

1990.

Specific Material Designation and Extent of Item

xviii, 723 pages :

Other Physical Details

illustrations ;

Dimensions

24 cm.

Series Title

A National Bureau of Economic Research monograph

Text of Note

Includes bibliographical references (pages 705-714) and index.

Text of Note

10.15. Service-Industry Machinery and Electrical Equipment, n.e.c. -- 10.16. Behavior of the Average Sears/PPI Ratio -- 10.17. Conclusion -- 11. Using Unit Value Indexes to Measure Transaction Prices and Quality Change -- 11.1. Introduction -- 11.2. Background of the Transaction Price Issue -- 11.3. Conceptual Problems in the Use of Census Unit Values -- 11.4. Characteristics of the Data and Calculation of Indexes -- 11.5. Tests of Cyclical Behavior -- 11.6. Secular Drift in the Unit Value Ratios -- 11.7. Concluding Evaluation of Unit Value Indexes -- IV. Weighting Issues and Final Results -- 12. Weighting the Alternative Data Sources into New Price and Output Measures for Producer and Consumer Durable Equipment -- 12.1. Introduction -- 12.2. Coverage of the Study -- 12.3. The Overall Drift of the Alternative/Official Price Ratios -- 12.4. Time Series for the New PDE Deflator and Associated Real PDE Investment -- 12.5. Investment/GNP and Capital Stock/GNP Ratios.

Text of Note

12.6. Alternative Deflators for Expenditures on Consumer Durable Goods -- 12.7. Implications for Shares of GNP and Sources of Growth -- 12.8. Conclusion -- Appendix A. Producer Price Indexes and Weights for Deflating Producers' Durable Equipment in the NIPA, 1967 and Earlier Years -- Appendix B. (Tables B.1-B.17). Detailed Product-by-Product Annual Listing of Alternative and Official Price Indexes (1972 = 1.00) -- Appendix C. (Tables C.1-C.6). "Secondary" PDE Categories, Annual Listing of Alternative and Official Price Indexes (1972 = 1.00).

Text of Note

2.11. Interpretation of the Proposed Conceptual Framework -- 2.12. Summary and Conclusion -- 3. The Methodology of Quality Adjustment -- 3.1. Introduction -- 3.2. Official Price Indexes: Coverage and Procedures -- 3.3. Methodology of Quality Adjustment in the BLS Indexes -- 3.4. The Hedonic Regression Technique: Basic Features -- 3.5. The Hedonic Regression Technique: Pitfalls -- 3.6. Relative Advantages of the Hedonic and Conventional Methods -- 3.7. Implementation of Quality Adjustments for Changes in Operating Efficiency -- 3.8. Comparison of "Closely Similar" Models -- 3.9. Summary and Conclusion -- II. Studies of Individual Products -- 4. Commercial Aircraft -- 4.1. Introduction -- 4.2. Postwar Performance of the Airline Industry -- 4.3. Index of Sale Prices of Identical Models -- 4.4. Price Changes and Quality Improvements for Particular Models -- 4.5. Quality Adjustments Based on Net Revenue Data -- 4.6. Used Aircraft Prices and Pairwise Model Quality Comparisons.

Text of Note

4.7. Price Indexes Adjusted for Changes in Operating Efficiency -- 4.8. Conclusion -- 5. Electric Utility Generating Equipment -- 5.1. Introduction -- 5.2. The Technology of Electricity Generation -- 5.3. Postwar Performance of the Electric Utility Industry -- 5.4. Characteristics of the Sample of Generating Plants -- 5.5. Hedonic Price Regressions for Equipment Cost -- 5.6. Price Indexes Implied by Hedonic Regression Equations -- 5.7. Adjusting for Changes in Operating Cost -- 5.8. The Impact of Environmental Legislation -- 5.9. Conclusions and Topics for Further Research -- 6. Computer Processors and Peripherals -- 6.1. Introduction -- 6.2. The Postwar Development of the Computer Industry -- 6.3. Implementation of the Hedonic Regression Methodology -- 6.4. The Data -- 6.5. Regression Results -- 6.6. The New Processor Price Index and Its Interpretation -- 6.7. Peripherals and Weighting Issues -- 6.8. Price Indexes for Personal Computers: A Pilot Study -- 6.9. Conclusion.

Text of Note

7. Electrical Appliances -- 7.1. Introduction -- 7.2. The Postwar Development of the Appliance Industry -- 7.3. Data Sources: The Sears Catalog and CR -- 7.4. Common Features of the Hedonic Regression Equations -- 7.5. Household Refrigerators and Refrigerator-Freezers -- 7.6. Room Air Conditioners -- 7.7. Washing Machines -- 7.8. Clothes Dryers -- 7.9. TV Sets -- 7.10. Other Products -- 7.11. Overall Price Indexes and Conclusion -- 8. New and Used Automobiles -- 8.1. Introduction -- 8.2. Issues That Arise in Estimating Hedonic Regressions for Automobiles -- 8.3. Data Used in the Hedonic Regression Study -- 8.4. Regression Estimates for New Cars -- 8.5. Hedonic Regression Estimates for Used Cars -- 8.6. Changes in Quality Mandated by Safety and Environmental Regulations -- 8.7. Fuel Economy -- 8.8. Discounting, Premia, and the "Transaction Price Proxy" -- 8.9. The "Final Alternative" Index -- 8.10. Comparisons of "Closely Similar" Models -- 8.11. Conclusion -- 9. Other Products.

Text of Note

9.1. Introduction -- 9.2. Tractors -- 9.3. Telephone Transmission and Switching Apparatus -- 9.4. Other Types of Communication Equipment -- 9.5. Railroad Equipment -- 9.6. Conclusion -- III. Sources for the Pricing of Numerous Products -- 10. Specification Price Indexes from Sears Catalog Data -- 10.1. Introduction -- 10.2. The Colorful History of the Sears Catalog -- 10.3. Catalog Price Indexes: Advantages and Disadvantages -- 10.4. Catalog Price Index Methodology -- 10.5. Office, Computing, and Accounting Machinery -- 10.6. Communication Equipment -- 10.7. Fabricated Metal Products -- 10.8. Engines and Turbines -- 10.9. Metalworking Machinery -- 10.10. General Industrial Equipment -- 10.11. Electrical Transmission, Distribution, and Industrial Equipment -- 10.12. Furniture and Fixtures -- 10.13. Agricultural Machinery (Including Garden Tractors and Excluding Farm Tractors) -- 10.14. Construction Machinery (Except Tractors).

Text of Note

Preface -- I. Introduction and Methodology -- 1. Introduction and Summary of Findings -- 1.1. Introduction: Purpose of the Project and Statement of Main Result -- 1.2. The Importance of Accurate Price Measures -- 1.3. The Scope of This Study -- 1.4. Summary of the Results -- 1.5. What Is Wrong with the PPI? -- 1.6. Qualifications to the Findings -- 2. Conceptual Issues in the Measurement of Price and Quality Changes -- 2.1. Introduction -- 2.2. The Input Price Index -- 2.3. Measuring the Input Price Index When Quality Change Is Nonproportional -- 2.4. The Output Price Index -- 2.5. The Equivalence of Input and Output Price Indexes -- 2.6. Comparison with Previous Approaches to the Quality Adjustment Issue -- 2.7. A Model Incorporating Operating Costs -- 2.8. Adapting the Input Price Index to Incorporate Nonproportional Changes in Net Revenue -- 2.9. Implementation of Operating Cost Adjustments -- 2.10. Used Asset Prices and the Accuracy of Quality Adjustments.

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Terms of Availability

£67.95

Price indexes.

Prices.

Indice des prix.

Prix.

Durable goods, Consumer-- Prices.

Preco (Economia)

Price indexes.

Price indexes.

Prices.

Prices.

Number

338.523(73)

Number

Edition

Class number

Book number

Class number

System Code

Gordon, Robert J., (Robert James),1940-

Date of Transaction

20201208022520.0

Electronic name

[Book]

Y