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

Economics of Innovation and New Technology

Posted: 25 Jan 2002  

Hiroshi Ohashi

University of Tokyo - Faculty of Economics

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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.

Notes: This is a description of the article and not the actual abstract.

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

JEL Classification: C23, C43, L68

Suggested Citation

Ohashi, Hiroshi, Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87. Economics of Innovation and New Technology. Available at SSRN: https://ssrn.com/abstract=298351

Hiroshi Ohashi (Contact Author)

University of Tokyo - Faculty of Economics ( email )

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

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