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The Measurement Of Changes In Quality

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  • Kelvin Lancaster

Abstract

This paper is concerned with the theoretical problems of devising indexes of quality change and with some of the practical problems of constructing such indexes from market data, relating these to the various attempts to construct such indexes in the past. The general conclusion is that, while quality is inherently ordinal, there are three different indexes which might be taken as “measures” of quality change. If changes are sufficiently small, the values of all three indexes will coincide and then, only, can we consider any one of them to be an unambiguous measure of the change.

Suggested Citation

  • Kelvin Lancaster, 1977. "The Measurement Of Changes In Quality," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 23(2), pages 157-172, June.
    • Handle: RePEc:bla:revinw:v:23:y:1977:i:2:p:157-172
    DOI: 10.1111/j.1475-4991.1977.tb00009.x
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    Cited by:

    1. Jan Hanousek & Randall K. Filer, 2001. "Consumers' Opinion of Inflation Bias Due to Quality Improvements in Transition in the Czech Republic," CERGE-EI Working Papers wp184, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    2. Herman Hoen & Eliza Leeuwen, 1991. "Upgrading and relative competitiveness in manufacturing trade: Eastern europe versus the newly industrializing economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(2), pages 368-379, June.
    3. Agnieszka Lipieta & Elżbieta Pliś, 2022. "Diversity and mechanisms of economic evolution," Journal of Evolutionary Economics, Springer, vol. 32(4), pages 1265-1286, September.
    4. Hoffmann, Johannes, 1998. "Problems of inflation measurement in Germany," Discussion Paper Series 1: Economic Studies 1998,01e, Deutsche Bundesbank.
    5. Halbrendt, Catherine K. & Pesek, John D., Jr. & Parsons, April & Lindner, Robert K., 1994. "Consumer Preference For Pst-Supplement Pork," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(2), pages 1-14, August.

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