This paper begins by comparing hedonic price indexes to the standard matched model index. The matched model index is formed as an average of the price changes of the goods in the sample in the base period that remain on the sampled stores' shelves in the comparison period. Since goods that do...

This paper provides conditions under which the inequality constraints generated by either single agent optimizing behavior or the best response condition of multiple agent problems can be used as a basis for estimation and inference. An application illustrates how the use of these inequality...