New products, quality changes and welfare measures computed from estimated demand systems
This paper examines the construction of a price index based on an estimated demand system. In principle the method examined can produce a price index that accounts for introduction of new products and quality changes in existing products. However, I isolate two key assumptions that have to be made...
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge
National Bureau of Economic Research
2001.
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| Series: | NBER working paper series
no. 8425 |
| Subjects: | |
| Online Access: | Download full text here |