Varela-Irimia, Xosé-Luís - Xarxa de Referència en Economia Aplicada (XREAP) - 2011
This paper computes and compares alternative quality-adjusted price indexes for new cars in Spain in the period 1990-2000. The proposed hedonic approach simultaneously controls for time-invariant unobserved product e¤ects and time-variant unobserved quality changes, that are assumed to be...