Price Measurements and Their Uses (Volume 57) (National Bureau of Economic Research Studies in Income and Wealth) - Hardcover

Hardcover

ISBN 10: 0226257304 ISBN 13: 9780226257303

Publisher: University of Chicago Press, 1993

Synopsis

In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement.

Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. The volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. The authors also present new research on more conventional but still unsettled problems in the price field affecting both the consumer and producer price indexes of the Bureau of Labor Statistics.

About this title

About the Author:

Murray F. Foss is a visiting scholar at the American Enterprise Institute for Public Policy Research.Marilyn E. Manser is assistant commissioner for economic research at the Bureau of Labor Statistics, U.S. Department of Labor.Allan H. Young is chief statistician at the Bureau of Economic Analysis, U.S. Department of Commerce.

About this edition

• Publisher: University of Chicago Press
• Publication date: 1993
• ISBN 10: 0226257304
• ISBN 13: 9780226257303
• Binding: Hardcover
• Edition number: 1
• Number of pages: 397
• Editor: Foss Murray F., Manser Marilyn E., Young Allan H.