By Ana M. Aizcorbe
A comparable goal is to fill the large gulf among the inevitably simplistic user-friendly remedies in textbooks and the very complicated discussions present in the theoretical and empirical size literature. right here, the theoretical effects are summarized in an intuitive method and their numerical significance is illustrated utilizing info and effects from latest studies.
Finally, whereas the purpose of a lot of the present literature is to higher comprehend authentic rate indexes just like the patron cost Index, the emphasis here's simpler: to supply the wanted instruments for people to use those innovations on their lonesome. As new datasets turn into more and more available, instruments like those could be had to receive precis expense measures. certainly, those strategies were utilized for years in antitrust instances that contain pricing, the place fiscal experts
typically have entry to massive, granular datasets.
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A Practical Guide to Price Index and Hedonic Techniques (Practical Econometrics) by Ana M. Aizcorbe