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Comparing apples and oranges

Author

Listed:
  • Michael R. Pakko

Abstract

Tracking prices over time is easy when the object in question doesn't change much-say, an orange. But the process is difficult when there are frequent changes in the quality of the item-say, an Apple computer. Hedonics provides the solution.

Suggested Citation

  • Michael R. Pakko, 2002. "Comparing apples and oranges," The Regional Economist, Federal Reserve Bank of St. Louis, issue Oct., pages 10-11.
    • Handle: RePEc:fip:fedlre:y:2002:i:oct.:p:10-11
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    File URL: https://www.stlouisfed.org/publications/regional-economist/october-2002/comparing-apples-and-oranges-when-measuring-prices-its-not-easy
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    Cited by:

    1. Négyesi, Áron, 2003. "Hogyan mérjük az új gazdaságot?. A termékminőség változásának számbavétele árindexek segítségével [How can the new economy be measured?. Estimating change in product quality with the help of price ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 988-1001.

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    Keywords

    Computers; Price indexes;

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