Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87

Ohashi, Hiroshi

doi:10.2139/ssrn.291989

Abstract

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Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87

Hiroshi Ohashi

University of Tokyo - Faculty of Economics

November 2001

Abstract:
This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indexes decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution of quality and price in the VCR market. Finally the paper estimates a bias of 2.4% per year in the CPI electronics subindex due to the missing category of VCR until 1986.

Number of Pages in PDF File: 29

Keywords: Home video cassette recorders; Price index; Hedonics; CPI; New products

JEL Classification: C23, C43, L68

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Date posted: November 30, 2001

Suggested Citation

Ohashi, Hiroshi, Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87 (November 2001). Available at SSRN: http://ssrn.com/abstract=291989 or http://dx.doi.org/10.2139/ssrn.291989

Contact Information

Hiroshi Ohashi (Contact Author)

University of Tokyo - Faculty of Economics ( email )

7-3-1 Hongo, Bunkyo-ku
Tokyo 113-0033
Japan