Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990s
Author
Abstract
Suggested Citation
DOI: 10.1007/s13209-014-0108-8
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Xosé-Luís Varela-Irimia, 2011. "Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990?s," Working Papers XREAP2011-11, Xarxa de Referència en Economia Aplicada (XREAP), revised Aug 2011.
- Varela-Irimia, Xosé-Luís, 2011. "Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990's," Working Papers 2072/169683, Universitat Rovira i Virgili, Department of Economics.
References listed on IDEAS
- Olympia Bover & Mario Izquierdo, 2003.
"Quality-adjusted prices: hedonic methods and implications for national accounts,"
Investigaciones Economicas, Fundación SEPI, vol. 27(2), pages 199-238, May.
- Olympia Bover & Mario Izquierdo, 2001. "Quality-adjusted prices: hedonic methods and implications for national accounts," Estudios Económicos, Banco de España, number 70.
- Olympia Bover & Mario Izquierdo, 2001. "Ajustes de calidad en los precios: métodos hedónicos y consecuencias para la Contabilidad Nacional," Estudios Económicos, Banco de España, number 70.
- María Moral & Jordi Jaumandreu, 2007. "Automobile demand, model cycle and age effects," Spanish Economic Review, Springer;Spanish Economic Association, vol. 9(3), pages 193-218, September.
- Mario Izquierdo & Omar Licandro & Alberto Maydeu, 2001.
"Car quality improvements and price indices in Spain,"
Estudios Económicos,
Banco de España, number 72.
- Mario Izquierdo & Omar Licandro & Alberto Maydeu, 2001. "Mejoras de calidad e índices de precios del automóvil en España," Estudios Económicos, Banco de España, number 72.
- Reis, Hugo J. & Santos Silva, J.M.C., 2006.
"Hedonic prices indexes for new passenger cars in Portugal (1997-2001),"
Economic Modelling, Elsevier, vol. 23(6), pages 890-908, December.
- Hugo Reis & J.M.C.Santos Silva, 2002. "Hedonic Price Indexes for New Passenger Cars in Portugal (1997-2001)," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
- Hugo Reis & J.M.C.Santos Silva, 2002. "Hedonic Prices Indexes for New Passenger Cars in Portugal (1997-2001)," Working Papers w200210, Banco de Portugal, Economics and Research Department.
- Hugo J. Reis & J.M.C. Santos Silva, 2003. "Hedonic Prices Indexes for New Passenger Cars in Portugal (1997- 2001)," Econometrics 0303003, University Library of Munich, Germany.
- Murray Foss & Marylin Manser & Allan Young, 1993. "Price Measurements and Their Uses," NBER Books, National Bureau of Economic Research, Inc, number foss93-1.
- Jonathan Murray & Nicholas Sarantis, 1999. "Price-Quality Relations and Hedonic Price Indexes for Cars in the United Kingdom," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(1), pages 5-27.
- Jan van Dalen & Ben Bode, 2004. "Quality-corrected price indices: the case of the Dutch new passenger car market, 1990-1999," Applied Economics, Taylor & Francis Journals, vol. 36(11), pages 1169-1197.
- Triplett, Jack E, 1969. "Automobiles and Hedonic Quality Measurement," Journal of Political Economy, University of Chicago Press, vol. 77(3), pages 408-417, May/June.
- Francisco Requena‐Silvente & James Walker, 2006. "Calculating Hedonic Price Indices with Unobserved Product Attributes: An Application to the UK Car Market," Economica, London School of Economics and Political Science, vol. 73(291), pages 509-532, August.
- Anna Matas & Josep-Lluis Raymond, 2009. "Hedonic prices for cars: an application to the Spanish car market, 1981-2005," Applied Economics, Taylor & Francis Journals, vol. 41(22), pages 2887-2904.
- Feenstra, Robert C, 1995.
"Exact Hedonic Price Indexes,"
The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 634-653, November.
- Feenstra, R.C., 1995. "Exact Hedonic Price Indexes," Papers 95-11, California Davis - Institute of Governmental Affairs.
- Robert C. Feenstra, 1995. "Exact Hedonic Price Indexes," NBER Working Papers 5061, National Bureau of Economic Research, Inc.
- Feenstra, R.C., 1995. "Exact Hedonic Price Indexes," Department of Economics 95-11, California Davis - Department of Economics.
- Cameron,A. Colin & Trivedi,Pravin K., 2005. "Microeconometrics," Cambridge Books, Cambridge University Press, number 9780521848053, September.
- Ariel Pakes, 2003.
"A Reconsideration of Hedonic Price Indexes with an Application to PC's,"
American Economic Review, American Economic Association, vol. 93(5), pages 1578-1596, December.
- Ariel Pakes, 2002. "A Reconsideration of Hedonic Price Indices with an Application to PC's," NBER Working Papers 8715, National Bureau of Economic Research, Inc.
- C. Lanier Benkard & Patrick Bajari, 2005. "Hedonic Price Indexes With Unobserved Product Characteristics, and Application to Personal Computers," Journal of Business & Economic Statistics, American Statistical Association, vol. 23, pages 61-75, January.
- Ohta, Makoto, 1987. "Gasoline Cost and Hedonic Price Indexes of U.S. Used Cars for 1970-1983," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(4), pages 521-528, October.
- Cowling, Keith & Cubbin, John, 1972. "Hedonic Price Indexes for United Kingdom Cars," Economic Journal, Royal Economic Society, vol. 82(327), pages 963-978, September.
- Christos Ioannidis & Mick Silver, 2003. "Chained, exact and superlative hedonic price changes: estimates from microdata," Applied Economics, Taylor & Francis Journals, vol. 35(9), pages 1005-1014.
- Mario Izquierdo & Omar Licandro & Alberto Maydeu, 2001.
"Car quality improvements and price indices in Spain,"
Estudios Económicos,
Banco de España, number 72.
- Mario Izquierdo & Omar Licandro & Alberto Maydey, "undated". "Car quality improvements and price indices in Spain," Studies on the Spanish Economy 121, FEDEA.
- Mario Izquierdo & Omar Licandro & Alberto Maydeu, "undated". "Car quality improvements and price indices in Spain," Working Papers 2001-18, FEDEA.
- Kenneth Brown, 2000. "Hedonic price indexes and the distribution of buyers across the product space: an application to mainframe computers," Applied Economics, Taylor & Francis Journals, vol. 32(14), pages 1801-1808.
- Stephen D. Oliner, 1993.
"Constant-Quality Price Change, Depreciation, and Retirement of Mainframe Computers,"
NBER Chapters, in: Price Measurements and Their Uses,
National Bureau of Economic Research, Inc.
- Stephen D. Oliner, 1990. "Constant-quality price change, depreciation, and retirement of mainframe computers," Working Paper Series / Economic Activity Section 110, Board of Governors of the Federal Reserve System (U.S.).
- Mick Silver & Saeed Heravi, 2004. "Hedonic Price Indexes and the Matched Models Approach," Manchester School, University of Manchester, vol. 72(1), pages 24-49, January.
- Jack Triplett, 2004. "Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products," OECD Science, Technology and Industry Working Papers 2004/9, OECD Publishing.
- Tomat, Gian Maria, 2002. "Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998," Working Paper Series 118, European Central Bank.
- P. D. Chwelos & E. R. Berndt & I. M. Cockburn, 2008.
"Faster, smaller, cheaper: an hedonic price analysis of PDAs,"
Applied Economics, Taylor & Francis Journals, vol. 40(22), pages 2839-2856.
- Paul D. Chwelos & Ernst R. Berndt & Iain M. Cockburn, 2004. "Faster, Smaller, Cheaper: An Hedonic Price Analysis of PDAs," NBER Working Papers 10746, National Bureau of Economic Research, Inc.
- Tim Erickson & Ariel Pakes, 2011.
"An Experimental Component Index for the CPI: From Annual Computer Data to Monthly Data on Other Goods,"
American Economic Review, American Economic Association, vol. 101(5), pages 1707-1738, August.
- Timothy Erickson & Ariel Pakes, 2008. "An Experimental Component Index for the CPI: From Annual Computer Data to Monthly Data on Other Goods," NBER Working Papers 14368, National Bureau of Economic Research, Inc.
- Michael J. Boskin, 1998. "Consumer Prices, the Consumer Price Index, and the Cost of Living," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 3-26, Winter.
- Zvi Griliches, 1961. "Hedonic Price Indexes for Automobiles: An Econometric of Quality Change," NBER Chapters, in: The Price Statistics of the Federal Goverment, pages 173-196, National Bureau of Economic Research, Inc.
- Gian Maria Tomat, 2002. "Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998," Temi di discussione (Economic working papers) 439, Bank of Italy, Economic Research and International Relations Area.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Naoki Watanabe & Ryo Nakajima & Takanori Ida, 2010. "Quality-Adjusted Prices of Japanese Mobile Phone Handsets and Carriers’ Strategies," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(4), pages 391-412, June.
- Victor Ginsburgh & Jianping Mei & Michael Moses, 2006. "On the computation of art indices in art," ULB Institutional Repository 2013/7290, ULB -- Universite Libre de Bruxelles.
- Reis, Hugo J. & Santos Silva, J.M.C., 2006.
"Hedonic prices indexes for new passenger cars in Portugal (1997-2001),"
Economic Modelling, Elsevier, vol. 23(6), pages 890-908, December.
- Hugo Reis & J.M.C.Santos Silva, 2002. "Hedonic Price Indexes for New Passenger Cars in Portugal (1997-2001)," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
- Hugo Reis & J.M.C.Santos Silva, 2002. "Hedonic Prices Indexes for New Passenger Cars in Portugal (1997-2001)," Working Papers w200210, Banco de Portugal, Economics and Research Department.
- Hugo J. Reis & J.M.C. Santos Silva, 2003. "Hedonic Prices Indexes for New Passenger Cars in Portugal (1997- 2001)," Econometrics 0303003, University Library of Munich, Germany.
- David Prentice & Xiangkang Yin, 2004.
"Constructing a Quality‐Adjusted Price Index for a Heterogeneous Oligopoly,"
Manchester School, University of Manchester, vol. 72(4), pages 423-442, July.
- David Prentice & Xiangkang Yin, 2000. "Measuring Quality-Adjusted Inflation Rates for a Heterogeneous Oligopoly," Working Papers 2000.06, School of Economics, La Trobe University.
- David Prentice & Xiangkang Yin, 2000. "Measuring Quality-Adjusted Inflation Rates for a Heterogeneous Oligopoly," Working Papers 2000.06, School of Economics, La Trobe University.
- Hoffmann, Johannes, 1998. "Problems of inflation measurement in Germany," Discussion Paper Series 1: Economic Studies 1998,01e, Deutsche Bundesbank.
- Bongers, Anelí & Torres, José L., 2014. "Technological change in U.S. jet fighter aircraft," Research Policy, Elsevier, vol. 43(9), pages 1570-1581.
- Galarraga, Ibon & Ramos, Ana & Lucas, Josu & Labandeira, Xavier, 2014.
"The price of energy efficiency in the Spanish car market,"
Transport Policy, Elsevier, vol. 36(C), pages 272-282.
- Ibon Galarraga & Ana Ramos & Josu Lucas, 2012. "The Price of Energy Efficiency in the Spanish Car Market," Working Papers 02-2013, Economics for Energy.
- Patrick Bajari & Zhihao Cen & Victor Chernozhukov & Manoj Manukonda & Jin Wang & Ramon Huerta & Junbo Li & Ling Leng & George Monokroussos & Suhas Vijaykunar & Shan Wan, 2023.
"Hedonic prices and quality adjusted price indices powered by AI,"
CeMMAP working papers
08/23, Institute for Fiscal Studies.
- Patrick Bajari & Zhihao Cen & Victor Chernozhukov & Manoj Manukonda & Suhas Vijaykumar & Jin Wang & Ramon Huerta & Junbo Li & Ling Leng & George Monokroussos & Shan Wan, 2023. "Hedonic Prices and Quality Adjusted Price Indices Powered by AI," Papers 2305.00044, arXiv.org.
- Robert C. Feenstra & Christopher R. Knittel, 2009.
"Reassessing the US Quality Adjustment to Computer Prices: The Role of Durability and Changing Software,"
NBER Chapters, in: Price Index Concepts and Measurement, pages 129-160,
National Bureau of Economic Research, Inc.
- Robert C. Feenstra & Christopher R. Knittel, 2004. "Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software," NBER Working Papers 10857, National Bureau of Economic Research, Inc.
- Christopher Knittel & Robert Feenstra, 2006. "Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software," Working Papers 76, University of California, Davis, Department of Economics.
- Sylvain M. Prado, 2009.
"The European used-car market at a glance: Hedonic resale price valuation in automotive leasing industry,"
Economics Bulletin, AccessEcon, vol. 29(3), pages 2086-2099.
- Sylvain Prado, 2009. "The European used-car market at a glance: Hedonic resale price valuation in automotive leasing industry," EconomiX Working Papers 2009-22, University of Paris Nanterre, EconomiX.
- Sylvain Prado, 2009. "The European used-car market at a glance: Hedonic resale price valuation in automotive leasing industry," Working Papers hal-04140873, HAL.
- OTA Rui & ZHANG Lili, 2020. "Declining Demand and Product Quality: An Empirical Study of the Japanese PC Monitor Market," Discussion papers 20033, Research Institute of Economy, Trade and Industry (RIETI).
- David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2018.
"How Fast are Semiconductor Prices Falling?,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(3), pages 679-702, September.
- David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2015. "How Fast are Semiconductor Prices Falling?," NBER Working Papers 21074, National Bureau of Economic Research, Inc.
- David M. Byrne & Stephen D. Oliner & Daniel E. Sichel, 2017. "How Fast are Semiconductor Prices Falling?," Finance and Economics Discussion Series 2017-005, Board of Governors of the Federal Reserve System (U.S.).
- Ebru Caglayan Akay & mer Faruk Bolukbasi & Engin Bekar, 2018. "Robust and Resistant Estimations of Hedonic Prices for Second Hand Cars: an Application to the Istanbul Car Market," International Journal of Economics and Financial Issues, Econjournals, vol. 8(1), pages 39-47.
- Erica L. Groshen & Brian C. Moyer & Ana M. Aizcorbe & Ralph Bradley & David M. Friedman, 2017. "How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies: A View from the Trenches," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 187-210, Spring.
- Ramírez Muñoz de Toro, Gonzalo R. & Uriarte, Juan I. & Delbianco, Fernando & Larrosa, Juan M.C., 2017. "Un modelo hedónico de precios en línea de automóviles usados en Argentina || A Hedonic Model of Online Prices of Used Cars in Argentina," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 24(1), pages 25-53, Diciembre.
- Gabriel Ehrlich & John C. Haltiwanger & Ron S. Jarmin & David Johnson & Matthew D. Shapiro, 2020.
"Reengineering Key National Economic Indicators,"
NBER Chapters, in: Big Data for Twenty-First-Century Economic Statistics, pages 25-68,
National Bureau of Economic Research, Inc.
- Gabriel Ehrlich & John Haltiwanger & Ron Jarmin & David Johnson & Matthew D. Shapiro, 2019. "Re-engineering Key National Economic Indicators," NBER Working Papers 26116, National Bureau of Economic Research, Inc.
- Gabriel Ehrlich & John Haltiwanger & Ron Jarmin & David Johnson & Matthew D. Shapiro, 2019. "Re-engineering Key National Economic Indicators," Working Papers 19-22, Center for Economic Studies, U.S. Census Bureau.
- Satoshi Nakano & Kazuhiko Nishimura, 2013. "Welfare gain from quality and price development in the Japan’s LCD TV market," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 889-908, September.
- Rojas, Christian & Jaenicke, Edward C. & Page, Elina T., 2024. "Shrinkflation? Quantifying the impact of changes in package size on food inflation," 2024 Annual Meeting, July 28-30, New Orleans, LA 343770, Agricultural and Applied Economics Association.
- Frank F. Limehouse & Peter C. Melvin & Robert E. McCormick, 2010. "The Demand for Environmental Quality: An Application of Hedonic Pricing in Golf," Journal of Sports Economics, , vol. 11(3), pages 261-286, June.
- Jan van Dalen & Ben Bode, 2004. "Quality-corrected price indices: the case of the Dutch new passenger car market, 1990-1999," Applied Economics, Taylor & Francis Journals, vol. 36(11), pages 1169-1197.
More about this item
Keywords
Hedonic price indexes; Spanish car market; Car prices; IPC; CPI; Cost of living; C43; E31; L11; L13;All these keywords.
JEL classification:
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:series:v:5:y:2014:i:4:p:419-455. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.