Hedonic Price Indexes for Personal Computer Operating Systems and Productivity Suites

38 Pages Posted: 26 Apr 2004 Last revised: 30 Jun 2021

See all articles by Alan G. White

Alan G. White

Analysis Group, Inc. - Economics

Jaison R. Abel

Federal Reserve Bank of New York

Ernst R. Berndt

Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)

Cory W. Monroe

Wellington Management - Fixed Income; Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: April 2004

Abstract

Results of hedonic price regressions for personal computer operating systems and productivity suites advertised in PC World magazine by retail vendors during the time period 1984 to 2000 are reported. Among the quality attribute variables we use are new measures capturing the presence of network effects in personal computer operating systems, such as connectivity and compatibility, and product integration among components of productivity suites. Average annual growth rates of quality-adjusted prices of personal computer operating systems range from -15 to -18 percent, while those for productivity suites generally range between -13 and -16 percent. Price declines are generally greater in the latter half of the samples.

Suggested Citation

White, Alan G. and Abel, Jaison R. and Berndt, Ernst R. and Monroe, Cory W., Hedonic Price Indexes for Personal Computer Operating Systems and Productivity Suites (April 2004). NBER Working Paper No. w10427, Available at SSRN: https://ssrn.com/abstract=529007

Alan G. White

Analysis Group, Inc. - Economics ( email )

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617-349-2100 (Phone)
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Jaison R. Abel

Federal Reserve Bank of New York ( email )

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New York, NY 10045
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Ernst R. Berndt (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

Room E52-452
Cambridge, MA 02142
United States
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National Bureau of Economic Research (NBER)

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Cory W. Monroe

Wellington Management - Fixed Income ( email )

Boston, MA
United States

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

100 Main Street
E62-416
Cambridge, MA 02142
United States

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