THE APPLICATION OF HEDONIC METHODS IN QUALITY-ADJUSTED PRICE INDICES

The measurement of price dynamics is by no means new endeavourin the official statistics but the process of establishing accurate price changes in time still remains challenging in many areas. One such demanding field is the application of appropriate techniques in price index development for providing amendments reflecting quality differences which might occur in the compared commodities. The book presents results of research on the applicability of hedonic methods in adjusting price indices to changes in the goods quality and test the techniques used for hedonic price indices construction using the data sets for various groups of heterogeneous goods, including used automobiles, appartments, household appliances and ICT goods.SPIS TREŚCIPreface1. Hedonic price methods1.1. Introduction 1.2. Hedonic model and its applications 1.3. Research motivation1.4. Hedonic price indices 1.5. The infrastructure for data collection1.6. Data sets 1.7. Methodological notes 2. Hedonic indices on ICT/IT goods and consumer electronics markets2.1. Introduction 2.2. Preliminary commodities selection2.3. Hedonic indices for TV sets2.4. Hedonic indices for laptop computers2.5. Hedonic indices for smartphones3. Hedonic indices on household appliances markets3.1. Introduction 3.2. Preliminary commodities selection3.3. Hedonic indices for coffee makers3.4. Hedonic indices for refrigerators 4. Hedonic indices on secondary apartments markets4.1. Introduction 4.2. Datasets 4.3. Hedonic price indices for apartments in Kraków 4.4. Comparison of hedonic indices for apartments in Polish cities5. Hedonic indices on used cars markets 5.1. Introduction 5.2. Datasets 5.3. Hedonic price indices for used hatchback cars 5.4. Comparison of hedonic indices for various types of used automo-bilesFinal notes AppendicesReferences List of figuresList of tables