Combining micro and macro data in hedonic price indexes

Detalhes bibliográficos
Autor(a) principal: Ramalho, Esmeralda A.
Data de Publicação: 2017
Outros Autores: Ramalho, Joaquim J. S., Evangelista, Rui
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/29299
Resumo: This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.
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spelling Combining micro and macro data in hedonic price indexesPaasche Price IndexImputation Hedonic MethodQuality AdjustmentThis paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.SpringerRepositório da Universidade de LisboaRamalho, Esmeralda A.Ramalho, Joaquim J. S.Evangelista, Rui2023-11-06T10:02:40Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/29299engRamalho, Esmeralda A.; Joaquim J. S. Ramalho and Rui Evangelista .(2017). “Combining micro and macro data in hedonic price indexes”. Statistical Methods and Applications, Vol. 26: pp. 317–332. (Search PDF in 2023).DOI 10.1007/s10260-016-0367-6info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-12T01:31:34Zoai:www.repository.utl.pt:10400.5/29299Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:37:58.160142Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Combining micro and macro data in hedonic price indexes
title Combining micro and macro data in hedonic price indexes
spellingShingle Combining micro and macro data in hedonic price indexes
Ramalho, Esmeralda A.
Paasche Price Index
Imputation Hedonic Method
Quality Adjustment
title_short Combining micro and macro data in hedonic price indexes
title_full Combining micro and macro data in hedonic price indexes
title_fullStr Combining micro and macro data in hedonic price indexes
title_full_unstemmed Combining micro and macro data in hedonic price indexes
title_sort Combining micro and macro data in hedonic price indexes
author Ramalho, Esmeralda A.
author_facet Ramalho, Esmeralda A.
Ramalho, Joaquim J. S.
Evangelista, Rui
author_role author
author2 Ramalho, Joaquim J. S.
Evangelista, Rui
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Ramalho, Esmeralda A.
Ramalho, Joaquim J. S.
Evangelista, Rui
dc.subject.por.fl_str_mv Paasche Price Index
Imputation Hedonic Method
Quality Adjustment
topic Paasche Price Index
Imputation Hedonic Method
Quality Adjustment
description This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01T00:00:00Z
2023-11-06T10:02:40Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/29299
url http://hdl.handle.net/10400.5/29299
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ramalho, Esmeralda A.; Joaquim J. S. Ramalho and Rui Evangelista .(2017). “Combining micro and macro data in hedonic price indexes”. Statistical Methods and Applications, Vol. 26: pp. 317–332. (Search PDF in 2023).
DOI 10.1007/s10260-016-0367-6
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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