Scanner Data & Price Indexes: Volume 64 (NBER - Studies in Income and Wealth)

Robert C Feenstra, Matthew D Shapiro

ISBN 10: 0226239659 / ISBN 13: 9780226239651

Published by University of Chicago Press 2003-03-11, 2003

About this Item

Seller Inventory # 6666-GRD-9780226239651

Bibliographic Details

• Title: Scanner Data & Price Indexes: Volume 64 (NBER - Studies in Income and Wealth)
• Publisher: University of Chicago Press 2003-03-11
• Publication Date: 2003
• Language: English
• ISBN 10: 0226239659
• ISBN 13: 9780226239651
• Binding: Hardcover
• Condition: New

About this title

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.

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.