New products, quality changes and welfare measures computed from estimated demand systems

This paper examines the construction of a price index based on an estimated demand system. In principle the method examined can produce a price index that accounts for introduction of new products and quality changes in existing products. However, I isolate two key assumptions that have to be made...

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প্রধান লেখক: Nevo, Aviv (Author)
বিন্যাস: গ্রন্থ
ভাষা:English
প্রকাশিত: Cambridge National Bureau of Economic Research 2001.
মালা:NBER working paper series no. 8425
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