Scanner Data and Price Indexes (Volume 64) (National Bureau of Economic Research Studies in Income and Wealth) - Hardcover

 
9780226239651: Scanner Data and Price Indexes (Volume 64) (National Bureau of Economic Research Studies in Income and Wealth)
Hardcover
ISBN 10: 0226239659 ISBN 13: 9780226239651
Publisher: University of Chicago Press, 2002

Synopsis

Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These "scanner data" offer a number of attractive features for economists and statisticians, because they are collected continuously, are available quickly, and record prices for all items sold, not just a statistical sample. But scanner data also present a number of difficulties for current statistical systems.

Scanner Data and Price Indexes assesses both the promise and the challenges of using scanner data to produce economic statistics. Three papers present the results of work in progress at statistical agencies in the U.S., United Kingdom, and Canada, including a project at the U.S. Bureau of Labor Statistics to investigate the feasibility of incorporating scanner data into the monthly Consumer Price Index. Other papers demonstrate the enormous potential of using scanner data to test economic theories and estimate the parameters of economic models, and provide solutions for some of the problems that arise when using scanner data, such as dealing with missing data.

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About the Authors

Robert C. Feenstra is professor in the Department of Economics at the University of California, Davis, where he also holds the C. Bryan Cameron Distinguished Chair in International Economics. He is director of the International Trade and Investment Program of the NBER.



Matthew D. Shapiro is the Lawrence R. Klein Collegiate Professor of Economics and director and research professor of the Survey Research Center, both at the University of Michigan, and a research associate of the National Bureau of Economic Research.

"About this title" may belong to another edition of this title.

Publisher
University of Chicago Press
Publication date
2002
Language
English
ISBN 10 
0226239659
ISBN 13 
9780226239651
Binding
Hardcover
Edition number
1
Number of pages
368
Editor
Feenstra Robert C., Shapiro Matthew D.

Other Popular Editions of the Same Title

9780226239668: Scanner Data and Price Indexes (Studies in Income and Wealth, V. 64)

Featured Edition

ISBN 10:  0226239667 ISBN 13:  9780226239668
Publisher: Univ of Chicago Pr
Hardcover