Price Measurements and Their Uses

Murray F. Foss, Marilyn E. Manser, Allan H. Young (Herausgeber)

Buch | Hardcover

397 Seiten

1993
University of Chicago Press (Verlag)
978-0-226-25730-3 (ISBN)

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In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement.

Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. The volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. The authors also present new research on more conventional but still unsettled problems in the price field affecting both the consumer and producer price indexes of the Bureau of Labor Statistics.

Murray F. Foss is a visiting scholar at the American Enterprise Institute for Public Policy Research. Marilyn E. Manser is assistant commissioner for economic research at the Bureau of Labor Statistics, U.S. Department of Labor. Allan H. Young is chief statistician at the Bureau of Economic Analysis, U.S. Department of Commerce.

Prefatory Note Acknowledgments Introduction Murray F. Foss Marilyn E. Manser Allan H. Young I. High-Tech Products: Computers 1. Constant-Quality Price Change, Depreciation, And Retirement Of Mainframe Computers Stephen D. Oliner 2. Price Indexes For Microcomputers: An Exploratory Study Ernst R. Berndt Zvi Griliches Comment (On 1 & 2): Rosanne Cole II. High-Tech Products: Semiconductors 3. Sources Of Price Decline In Computer Processors: Selected Electronic Components Ellen R. Dulberger 4. Cost Function Estimation Of Quality Change In Semiconductors John R. Norsworthy Show-Ling Jang 5. Measurement Of Dram Prices: Technology And Market Structure Kenneth Flamm Comment ( On 3, 4, & 5): Jack E. Triplett III. Quality-Change Issues In Consumer Prices 6. Adjusting Apparel Indexes In The Cpi For Quality Differences Paul R. Liegey Jr. 7. The Effect Of Outlet Price Differentials On The U.S. Consumer Price Index Marshall Reinsdorf Comment (On 6 & 7): Joel Popkin IV. Transaction Prices 8. The Problem Of List Prices In The Producer Price Index: The Steel Mill Products Case Thomas Betsock Irwin B. Gerduk 9. Does Government Regulation Inhibit The Reporting Of Transactions Prices By Business? Murray F. Foss Comment (On 8 & 9): Robert W. Crandall V. Price Indexes For Defense And International Trade 10. The Deflation Of Military Aircraft Richard C. Ziemer Pamela A. Kelly Comment: Arthur J. Alexander VI. Implications Of Bea's Treatment Of Computer Prices For Productivity Measurement 11. Panel Discussion: Implications Of Bea's Treatment Of Computer Prices And Productivity Measurement Chair: Frank De Leeuw Statements: Edward F. Denison, Zvi Griliches, Charles R. Hulten, And Thomas K. Rymes Comments: Arthur J. Alexander, Edwin R. Dean, Reni Durand, And Michael Harper

Erscheint lt. Verlag	15.8.1993
Reihe/Serie	National Bureau of Economic Research Studies in Income and Wealth
Sprache	englisch
Maße	16 x 24 mm
Gewicht	737 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	0-226-25730-4 / 0226257304
ISBN-13	978-0-226-25730-3 / 9780226257303
Zustand	Neuware