points. This was due to several measurement errors in the CPI. One of them is called quality change bias. We compare two … methods in this paper which can be used to correct for quality change bias, namely the hedonic method and a method based on …

Index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has …

trends at different points in their life cycle then matched sample methods may introduce bias if the life cycle movement in … pricing effects and then examines the bias it can introduce in measured inflation. A large US supermarket scanner data set for … change is important across a range of products and cities. To explore the bias introduced by these movements we use …

argue that the quality bias in price indexes is just as likely to be upward as it is to be downward. I show how both the … sign and the magnitude of the quality bias in the most commonly applied price index methods are determined by the cross … elasticity of substitution) preferences. I illustrate the bias in the commonly applied price index methods by comparing their …

, and consequently, lack ability to handle measurement errors in the data. This paper extends and generalizes existing … procedures that account for measurement errors in revealed preference tests. In particular, it introduces a very efficient method … both classical and Berkson measurement errors models …

, and consequently, lack ability to handle measurement errors in the data. This paper extends and generalizes existing … procedures that account for measurement errors in revealed preference tests. In particular, it introduces a very efficient method … both classical and Berkson measurement errors models. …