Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990s

This paper computes and compares alternative quality-adjusted price indexes for new cars in Spain in the period 1990 - 2000. The proposed hedonic approach simultaneously controls for time-invariant unobserved product effects and age effects, that can be interpreted as a proxy for time-variant unobse...

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Bibliographic details
Volume: 5
Main Author: Varela-Irimia, Xosé-Luís
Format: Journal Article
Language: English
Place of publication: Heidelberg Springer 2014
published in: SERIEs - Journal of the Spanish Economic Association Vol. 5; no. 4; pp. 419 - 455
Data of publication: 2014
Subjects:
IPC
CPI
Online Access: Fulltext
Database: EconStor
Database information Databases - DBIS