Theory of Hedonic Functions and Hedonic Indexes. Some Objections to Hedonic Indexes -Ĭhapter 8. Estimating Hedonic Functions: Other Research Issues -Ĭhapter 7. Principles for Estimating a Hedonic Function: Choosing the Variables -Ĭhapter 6.
When Do Hedonic and Matched Model Indexes Give Different Results and Why? -Ĭhapter 5. Hedonic Price Indexes and Hedonic Quality Adjustments -Ĭhapter 4. Quality Adjustments in Conventional Price Index Methodologies -Ĭhapter 3. Introduction: Relevance of Quality Adjustment for ICT Products Potential Impact of Mismeasurement on International Productivity Comparisons and Purpose and Outline of this Volume -Ĭhapter 2. It has been written because there is a widespread view that the principles for conducting hedonic investigations are not readily assembled for statistical agency work, which is the primary audience of this volume.-Publisher's description. There has been strong recommendation that the BLS explore the use of hedonic methods forquality adjustment in the Consumer Price Index (CPI) for decades. The handbook brings together material that is now scattered in a wide number of places, but goes beyond the economic literature in significant respects. It sets out best practice principles for constructing hedonic indexes and examines criticisms of hedonic indexes. This handbook contributes to a better understanding of the merits and shortcomings of conventional and hedonic price indexes and methods, and provides an analytic basis for choosing among them. Price indexes can be constructed using a hedonic method that adjusts for changes in the quality of a product by focusing on a set of key product characteristics.
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