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" Price measurements and their uses / "
edited by Murray F. Foss, Marilyn E. Manser, Allan H. Young.
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BL
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| Record Number
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1001020
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| Doc. No
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b755390
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| Title & Author
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Price measurements and their uses /\ edited by Murray F. Foss, Marilyn E. Manser, Allan H. Young.
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| Publication Statement
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Chicago :: University of Chicago Press,, ©1993.
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| Series Statement
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Studies in income and wealth ;; v. 57
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| Page. NO
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xii, 389 pages ;; 24 cm.
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| ISBN
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0226257304
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: 9780226257303
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| Notes
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Contains part of the papers, discussion, and roundtable remarks presented at the Workshop on Price Measurements and Their Uses in Washington, D.C., on March 22-23, 1990.
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| Bibliographies/Indexes
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Includes bibliographical references and indexes.
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| Contents
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Constant-quality price change, depreciation, and retirement of mainframe computers / Stephen D. Oliner -- Price indexes for microcomputers / Ernst R. Berndt and Zvi Griliches -- Sources of price decline in computer processors / Ellen R. Dulberger -- Cost function estimation of quality change in semiconductors / John R. Norsworthy and Show-Ling Jang -- Measurement of Dram prices / Kenneth Flamm -- Adjusting apparel indexes in consumer price index for quality differences / Paul R. Liegey, Jr. -- The effect of outlet price differentials on U.S. consumer price index / Marshall Reinsdorf -- The problem of list prices in the producer price index / Thomas Betsock and Irwin B. Gerduk -- Does government regulation inhibit the reporting of transactions prices by business? / Murray F. Foss -- The deflation of military aircraft / Richard C. Ziemer and Pamela A. Kelly.
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| Abstract
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"In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement."--BOOK JACKET. "Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. Some of the research in this volume suggests that prices for personal computers and semiconductors may have fallen even faster than the 14 percent annual rate of decrease indicated in the official statistics."--BOOK JACKET. "Not all economists agree with the approach to computer price measurement taken by the government agencies, and the volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. In the case of computers, these considerations have important implications for productivity measurement and profoundly affect our views of the relative importance of capital inputs and technological change in accounting for output growth."--BOOK JACKET. "The authors also present new research on more conventional but still unsettled problems in the price field. Two papers deal with the consumer price index. One concerns the shift in market share away from small independents toward lower-price chains and supermarkets. The authors address whether the lower prices should be treated as a price reduction, or as no change, reflecting a shift to stores offering fewer services. The second paper looks at new approaches by the Bureau of Labor Statistics (BLS) to adjust for specification change in clothing."--BOOK JACKET. "Two papers concern the producer price index, one giving a fascinating account of the experience of the BLS in attempting to obtain transactions prices from steel producers. A second study hypothesizes that antitrust laws may inhibit the reporting of transactions prices by business and offers a suggestion that might reduce the undesirable business practice of reporting list prices. To round out the volume, another paper gives a detailed demonstration of how prices of military aircraft are treated in the national accounts."--BOOK JACKET.
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| Subject
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University of South Alabama
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Computers-- Prices, Congresses.
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Consumer price indexes, Congresses.
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Price indexes, Congresses.
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Semiconductors-- Prices, Congresses.
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Indice des prix à la consommation, Congrès.
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Indice des prix, Congrès.
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Ordinateurs-- Prix, Congrès.
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Semiconducteurs-- Prix, Congrès.
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Computers-- Prices, Congresses.
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Computers-- Prices.
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Consumer price indexes, Congresses.
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Consumer price indexes.
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Indice des prix à la consommation-- Congrès.
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Indice des prix-- Congrès.
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Kongress
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Ordinateurs-- Prix-- Congrès.
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Preisindex
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Price indexes, Congresses.
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Price indexes.
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Semiconducteurs-- Prix-- Congrès.
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Semiconductors-- Prices, Congresses.
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Semiconductors-- Prices.
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Computers.
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Halfgeleiders.
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Prijsindexering.
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USA.
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| Dewey Classification
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330 s338.5/28
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| LC Classification
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HC106.3.C714 vol. 57HB231
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| NLM classification
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053.3
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83.03bcl
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83.11bcl
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QI 540rvk
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| Added Entry
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Foss, Murray F.
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Manser, Marilyn E.
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Young, Allan H.
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