HEDONIC IMPUTATION AND THE PRICE INDEX PROBLEM: AN APPLICATION TO HOUSING

被引：53

作者：

Hill, Robert J. ^{[1
]}

Melser, Daniel ^{[2
]}

机构：

[1] Univ New S Wales, Sch Econ, Sydney, NSW 2052, Australia

[2] Monash Univ, Dept Econ, Melbourne, Vic 3145, Australia

来源：

ECONOMIC INQUIRY | 2008年 / 46卷 / 04期

关键词：

D O I：

10.1111/j.1465-7295.2007.00110.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this study, we show how use of the hedonic imputation method complicates the price index problem. In addition to the usual choice between formulas such as Fisher and Tornqvist, the fact that index compilers have some discretion over which prices are imputed implies that it is necessary to choose as well between different varieties of each formula. The functional from of the hedonic model must also be taken into account. We illustrate the importance of these issues in a housing context using house price data for three regions in Sydney, over a 3-yr period.

引用

页码：593 / 609

页数：17

共 38 条

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