Quality-Adjusted Price Measurement: A New Approach with Evidence from Semiconductors
Sign Up to like & getrecommendations! Published in 2017 at "Review of Economics and Statistics"
DOI: 10.1162/rest_a_00640
Abstract: Abstract Many markets exhibit price dispersion across suppliers of observationally identical goods. Statistical agencies typically assume this dispersion reflects unobserved quality, so standard price indexes do not incorporate price declines when buyers substitute toward lower-price… read more here.
Keywords: price dispersion; price measurement; quality adjusted; price ... See more keywords
A systematic examination of quality-adjusted price index alternatives for medical care using claims data.
Sign Up to like & getrecommendations! Published in 2022 at "Journal of health economics"
DOI: 10.2139/ssrn.3985355
Abstract: We investigate alternative methods for constructing quality-adjusted medical price indexes both theoretically and empirically using medical claims data. The methodology and assumptions applied in the formation of the index have substantive effects on the magnitude… read more here.
Keywords: index; quality; claims data; quality adjusted ... See more keywords