- Series: Practical Econometrics
- Hardcover: 160 pages
- Publisher: Oxford University Press; 1 edition (August 19, 2014)
- Language: English
- ISBN-10: 0198702426
- ISBN-13: 978-0198702429
- Product Dimensions: 9.3 x 0.7 x 6.2 inches
- Shipping Weight: 13.4 ounces (View shipping rates and policies)
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Best Sellers Rank: #1,489,312 in Books (See Top 100 in Books)
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A Practical Guide to Price Index and Hedonic Techniques (Practical Econometrics) 1st Edition
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About the Author
Ana M. Aizcorbe is a Research Professor at the Social and Decision Analytics Laboratory (SDAL) at the Virginia Bioinformatics Laboratory at Virginia Tech. Her research interests focus on the measurement of economic growth and productivity, with an emphasis on identifying novel data sources that could be used to improve existing measures. Prior to joining SDAL, she was the Chief Economist of the Bureau of Economic Analysis where she led a project to improve output and productivity measures for the health sector using large databases containing health insurance claims. Dr Aizcorbe has also been a staff economist at the Federal Reserve Board and a research economist at the Bureau of Labor Statistics Her publications in the health field include studies published in the Journal of Health Economics and Health Affairs. She is the coeditor of Measuring and Modeling Health Care Costs (University of Chicago Press). She received her Ph.D. in economics from Boston College.
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Top Customer Reviews
Price changes can be because of supply/demand or quality improvement. Matched model methods separating price change into "pure price change (because supply/demand)" and quality components are presented with numerical examples.
Hedonic (Regression based) techniques showing calculation of price sensitivity to various factors are explained clearly. How equivalent Hedonic methods are to weighted/unweighted Index methods such as Jeevons has been discussed again with data.
Price imputation techniques to estimate missing prices are given.
The bibliography is extensive and encyclopedic.
The author is a scholar and highly respected in this field.
I am sure that this will be the first book everyone will pickup on the price index techniques.