When Do Matched-Model and Hedonic Techniques Yield Similar Measures?

FRB of San Francisco Working Paper No. 2003-14

15 Pages Posted: 27 May 2004

See all articles by Ana M. Aizcorbe

Ana M. Aizcorbe

U.S. Bureau of Economic Analysis (BEA)

Carol A. Corrado

The Conference Board; Georgetown University - Center for Business and Public Policy

Mark E. Doms

Federal Reserve Bank of San Francisco

Date Written: June 2003

Abstract

Hedonic techniques were developed to control for quality differences across goods and over time in order to construct constant-quality aggregate price measures. When the available data are a panel of high-frequency data on models whose characteristics are constant over time, matched-model price indexes can also be used to obtain constant quality price measures. We show this by demonstrating that, given data of this type, certain matched-model indexes yield price measures that are numerically close to those obtained using hedonic techniques.

This paper is a condensed version of a paper that was presented at the CRIW workshop on Price Measurement at the NBER Summer Institute, July 31-August 1, 2000 and is available at the NBER website.

Suggested Citation

Aizcorbe, Ana M. and Corrado, Carol A. and Doms, Mark E., When Do Matched-Model and Hedonic Techniques Yield Similar Measures? (June 2003). FRB of San Francisco Working Paper No. 2003-14, Available at SSRN: https://ssrn.com/abstract=550421 or http://dx.doi.org/10.2139/ssrn.550421

Ana M. Aizcorbe

U.S. Bureau of Economic Analysis (BEA) ( email )

1441 L Street NW
Washington, DC 20910
United States

Carol A. Corrado

The Conference Board ( email )

845 Third Avenue
New York, NY 10022
United States
202-340-0252 (Phone)

Georgetown University - Center for Business and Public Policy ( email )

Washington, DC 20057
United States

HOME PAGE: http://cbpp.georgetown.edu

Mark E. Doms (Contact Author)

Federal Reserve Bank of San Francisco ( email )

101 Market Street
San Francisco, CA 94105
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
122
Abstract Views
1,393
rank
321,009
PlumX Metrics