Quality-Adjusted Price Measurement: A New Approach with Evidence from Semiconductors
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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