Overview

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.

Full Product Details

Author:   Murray F. Foss ,  Marilyn E. Manser ,  Allan H. Young ,  Allan H. Young (Chief Statistician, Bureau of Economic Analysis, US Department of Commerce, USA)
Publisher:   The University of Chicago Press
Imprint:   University of Chicago Press
Volume:   Vol 57
Dimensions:   Width: 1.60cm , Height: 0.30cm , Length: 2.40cm
Weight:   0.737kg
ISBN:  

9780226257303

ISBN 10:   0226257304
Pages:   397
Publication Date:   15 August 1993
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
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Author Information

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.

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