dc.contributor |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.contributor.author |
Varela-Irimia, Xosé-Luís |
dc.date.accessioned |
2011-08-23T09:22:33Z |
dc.date.accessioned |
2021-01-20T16:46:47Z |
dc.date.available |
2011-08-23T09:22:33Z |
dc.date.available |
2021-01-20T16:46:47Z |
dc.date.created |
2011-08 |
dc.date.issued |
2011-08 |
dc.identifier.uri |
http://hdl.handle.net/2072/168513 |
dc.format.extent |
45 p. |
dc.format.extent |
501499 bytes |
dc.format.mimetype |
application/pdf |
dc.language.iso |
eng |
dc.publisher |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.relation.ispartofseries |
XREAP;2011-11 |
dc.rights |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
dc.subject |
Automobiles |
dc.subject |
Pricing |
dc.subject |
Spain |
dc.subject.other |
Automòbils |
dc.subject.other |
Preus |
dc.subject.other |
Espanya |
dc.subject.other |
1990-2000 |
dc.title |
Age effects, unobserved characteristics and hedonic price indexes: The Spanish car market in the 1990s |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.description.abstract |
This paper computes and compares alternative quality-adjusted price indexes for new cars in Spain in the period 1990-2000. The proposed hedonic approach simultaneously controls for time-invariant unobserved product e¤ects and time-variant unobserved quality changes, that are assumed to be captured by model age effects. The results show that the
non-adjusted price index largely overstates the increase in the cost of living induced by changes in car prices and that previous evidence for this market have not measured the real extent of that bias, probably due to the omission of controls for unobservables. It is also shown that omitting age effects can also lead to misleading conclusions. The estimated
price indexes give also some insights on what could have been the determinants of price evolution in the Spanish car market. |