A QUALITY-ADJUSTED PRICE-INDEX FOR PERSONAL COMPUTERS

被引：42

作者：

NELSON, RA

TANGUAY, TL

PATTERSON, CD

机构：

[1] COLBY COLL,DEPT ECON,WATERVILLE,ME 04901

[2] NORTHWESTERN UNIV,JL KELLOG GRAD SCH MANAGEMENT,EVANSTON,IL 60208

[3] ARTHUR ANDERSON CO,BUSINESS SYST CONSULTING,BOSTON,MA 02185

来源：

JOURNAL OF BUSINESS & ECONOMIC STATISTICS | 1994年 / 12卷 / 01期

关键词：

COMPUTERS; HEDONIC PRICE INDEX;

D O I：

10.2307/1391921

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study estimates quality-adjusted price indexes for personal computers. Three separate hedonic models are estimated using data from 1,841 personal computers over the period 1984-1991. In addition to the traditional linear model, a nonlinear model is developed and estimated. The nonlinear model is parsimonious in parameters, allows time-varying attribute prices, and can be estimated using a pooled data set. The results indicate that nominal quality-adjusted prices of mail-order firms declined at an average annual rate of 24.62%; quality-adjusted prices of major manufacturers declined at a slower rate.

引用

页码：23 / 31

页数：9

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