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Journal articles on the topic 'Consumer price indexes – Methodology'

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1

Cavallo, Alberto, and Roberto Rigobon. "The Billion Prices Project: Using Online Prices for Measurement and Research." Journal of Economic Perspectives 30, no. 2 (May 1, 2016): 151–78. http://dx.doi.org/10.1257/jep.30.2.151.

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A large and growing share of retail prices all over the world are posted online on the websites of retailers. This is a massive and (until recently) untapped source of retail price information. Our objective with the Billion Prices Project, created at MIT in 2008, is to experiment with these new sources of information to improve the computation of traditional economic indicators, starting with the Consumer Price Index. We also seek to understand whether online prices have distinct dynamics, their advantages and disadvantages, and whether they can serve as reliable source of information for eco
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2

Juszczak, Adam. "The use of web-scraped data to analyze the dynamics of footwear prices." Journal of Economics and Management 43 (2021): 251–69. http://dx.doi.org/10.22367/jem.2021.43.12.

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Aim/purpose – Web-scraping is a technique used to automatically extract data from websites. After the rise-up of online shopping, it allows the acquisition of information about prices of goods sold by retailers such as supermarkets or internet shops. This study examines the possibility of using web-scrapped data from one clothing store. It aims at comparing known price index formulas being implemented to the web-scraping case and verifying their sensitivity on the choice of data filter type. Design/methodology/approach – The author uses the price data scrapped from one of the biggest online sh
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3

Jabarin, Mai, Abdulnaser Nour, and Sameh Atout. "Impact of macroeconomic factors and political events on the market index returns at Palestine and Amman Stock Markets (2011–2017)." Investment Management and Financial Innovations 16, no. 4 (December 5, 2019): 156–67. http://dx.doi.org/10.21511/imfi.16(4).2019.14.

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This study aims to investigate the effect of macroeconomic factors on Palestine and Amman Stock Exchange returns. Also, the study handles the political events in the area and their impact on Palestine and Amman stock markets returns. This study applied the macro-econometric model based on Arbitrage Pricing Theory. In addition, the most important political events are selected, and their effect was tested using the event study methodology. The results show that the consumer price index, gross domestic product, and exchange rate have a significant impact on stock index returns, but industrial pro
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4

White, Alan G. "Measurement Biases in Consumer Price Indexes." International Statistical Review / Revue Internationale de Statistique 67, no. 3 (December 1999): 301. http://dx.doi.org/10.2307/1403708.

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5

White, Alan G. "Measurement Biases in Consumer Price Indexes." International Statistical Review 67, no. 3 (December 1999): 301–25. http://dx.doi.org/10.1111/j.1751-5823.1999.tb00451.x.

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6

Moulton, Brent R., and Kenneth J. Stewart. "An Overview of Experimental U.S. Consumer Price Indexes." Journal of Business & Economic Statistics 17, no. 2 (April 1999): 141. http://dx.doi.org/10.2307/1392469.

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7

Moulton, Brent R., and Kenneth J. Stewart. "An Overview of Experimental U.S. Consumer Price Indexes." Journal of Business & Economic Statistics 17, no. 2 (April 1999): 141–51. http://dx.doi.org/10.1080/07350015.1999.10524804.

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8

Greenlees, John. "Consumer price indexes: methods for quality and variety change." Statistical Journal of the United Nations Economic Commission for Europe 17, no. 1 (June 1, 2000): 59–74. http://dx.doi.org/10.3233/sju-2000-17105.

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9

Bourassa, Steven C., Eva Cantoni, and Martin Hoesli. "Robust hedonic price indexes." International Journal of Housing Markets and Analysis 9, no. 1 (March 7, 2016): 47–65. http://dx.doi.org/10.1108/ijhma-11-2014-0050.

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Purpose – The purpose of this paper is to demonstrate the application of robust techniques to the estimation of hedonic house price indexes. Design/methodology/approach – The authors use simulation analysis to compare an index estimated using ordinary least squares (OLS) with several indexes estimated using robust techniques. The analysis uses sales transactions data from a US city. The authors then explore how robust methods can correct for omitted variables under some circumstances and how they affect the revision problem that occurs when longitudinal hedonic indexes are updated. Findings –
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10

Collier, Irwin L. "The DM and the Ossi Consumer: Price Indexes During Transition." Journal of Economic Integration 27, no. 2 (June 15, 2012): 245–73. http://dx.doi.org/10.11130/jei.2012.27.2.245.

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11

Faryna, Oleksandr, Oleksandr Talavera, and Tetiana Yukhymenko. "What Drives the Difference between Online and Official Price Indexes?" Visnyk of the National Bank of Ukraine, no. 243 (March 29, 2018): 21–30. http://dx.doi.org/10.26531/vnbu2018.243.021.

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This paper examines the associations between online price indexes and official statistics. First, we generate online CPI component sub-indexes, which are later aggregated to an Online Price CPI. This approach is applied to our unique dataset which contains about 3 million observations of online retail prices for consumer goods in Ukraine’s five largest cities. The data span over the period 2016m1 – 2017m12 and cover about 46% of Ukraine’s Consumer Price Inflation basket. We find that online inflation is generally consistent with official estimates, but the matching capability varies across sub
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12

Dubey, Amaresh, and Palmer-Jones Richard. "Prices, Price Indexes and Poverty Counts in India during 1980s and 1990s: Calculation of Unit Value Consumer Price Indexes." Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics 47, no. 3-4 (December 1, 2005): 223. http://dx.doi.org/10.21648/arthavij/2005/v47/i3-4/115623.

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13

Asano, Seki, and Eduardo P. S. Fiuza. "Estimation of the Brazilian Consumer Demand System." Brazilian Review of Econometrics 23, no. 2 (November 2, 2003): 255. http://dx.doi.org/10.12660/bre.v23n22003.2726.

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In this study we estimate the Brazilian consumer demand system through family expenditure data, which cover all consumption categories. The model is estimated from family-level expenditures on seven consumption categories, and a new set of regional cost-of-living indexes. The sources for expenditures are the national household expenditure surveys (POFs) conducted in 1987/88 and 1995/96, which collected data from eleven metropolitan areas. To the best of our knowledge this is the first study of this type and extent based on both waves of POF. Corresponding price indexes were constructed from de
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14

Ferrari, Guido, Tiziana Laureti, and Franco Mostacci. "Time–Space Harmonization of Consumer Price Indexes in Euro-Zone Countries." International Advances in Economic Research 11, no. 4 (November 2005): 359–78. http://dx.doi.org/10.1007/s11294-005-2275-7.

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15

Copeland, Adam. "Seasonality, consumer heterogeneity and price indexes: the case of prepackaged software." Journal of Productivity Analysis 39, no. 1 (February 8, 2012): 47–59. http://dx.doi.org/10.1007/s11123-012-0266-2.

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16

Prada, Sergio I., Julio C. Alonso, and Julián Fernández. "Exchange rate pass-through into consumer healthcare prices in Colombia." Cuadernos de Economía 38, no. 77 (July 1, 2019): 523–50. http://dx.doi.org/10.15446/cuad.econ.v38n77.66189.

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The exchange rate pass-through into the consumer price index on healthcare goods and services was measured by estimating a FAVAR model for Colombia. Results provide evidence of an incomplete and heterogeneous effect. There is no indication of transmission to the services or insurance indexes, but there is a significant effect on the medicines and devices indexes that have implications for out-of-pocket expenditure. Therefore, this indicates that the Colombian healthcare system effectively protects consumers from exchange rate volatility, but may need to design policies to protect consumers fro
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17

Fares, Florencia Melisa, Guido Zack, and Ricardo Gabriel Martínez. "Sectoral Price and Quantity Indexes of Argentine Foreign Trade." Lecturas de Economía, no. 93 (July 9, 2020): 297–328. http://dx.doi.org/10.17533/udea.le.n93a338277.

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Argentina does not have a sufficiently complete and developed system of sectoral statistical data on foreign trade. This paper tries to make a contribution showing a methodology to calculate foreign trade indexes, based on unit values obtained from Foreign Trade Consultation System of INDEC. This methodology is applied to the quarterly data of Argentine sectoral imports and exports and its accuracy is shown from the comparison with price indexes published by INDEC (aggregate level) and Brazilian statistical institute (sectoral level). Our indexes show a correlation above 80% and variability cl
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18

Jain, Raj K. "The Seasonal Adjustment Procedures for the Consumer Price Indexes: Some Empirical Results." Journal of Business & Economic Statistics 7, no. 4 (October 1989): 461. http://dx.doi.org/10.2307/1391647.

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19

Jain, Raj K. "The Seasonal Adjustment Procedures for the Consumer Price Indexes: Some Empirical Results." Journal of Business & Economic Statistics 7, no. 4 (October 1989): 461–69. http://dx.doi.org/10.1080/07350015.1989.10509758.

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20

Bessonov, Vladimir. "What Opportunities Do New Technologies Bring About for Price Statistics?" Russian Journal of Money and Finance 80, no. 1 (March 2021): 120–26. http://dx.doi.org/10.31477/rjmf.202101.120.

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The paper discusses new opportunities for Russian price statistics that present-day information and communication technologies bring about. The paper is a response to the study Isakov et al. (2021) dedicated to the effort of developing a toolset to build a price quotation database through automated internet data collection and construction of consumer price indexes based on it. Discussed are the potential implications of this activity for price statistics.
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21

Armknecht, Paul A., and Mick Silver. "Post-Laspeyres: The Case for a New Formula for Compiling Consumer Price Indexes." IMF Working Papers 12, no. 105 (2012): 1. http://dx.doi.org/10.5089/9781475502954.001.

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22

Armknecht, Paul, and Mick Silver. "Post-Laspeyres: The Case for a New Formula for Compiling Consumer Price Indexes." Review of Income and Wealth 60, no. 2 (November 29, 2012): 225–44. http://dx.doi.org/10.1111/roiw.12005.

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23

Krsinich, Frances. "The FEWS Index: Fixed Effects with a Window Splice." Journal of Official Statistics 32, no. 2 (June 1, 2016): 375–404. http://dx.doi.org/10.1515/jos-2016-0021.

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Abstract This article describes the estimation of quality-adjusted price indexes from ‘big data’ such as scanner and online data when there is no available information on product characteristics for explicit quality adjustment using hedonic regression. The longitudinal information can be exploited to implicitly quality-adjust the price indexes. The fixed-effects (or ‘time-product dummy’) index is shown to be equivalent to a fully interacted time-dummy hedonic index based on all price-determining characteristics of the products, despite those characteristics not being observed. In production, t
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24

Amin, Hanudin, Abdul-Rahim Abdul-Rahman, and Dzuljastri Abdul Razak. "Theory of Islamic consumer behaviour." Journal of Islamic Marketing 5, no. 2 (June 3, 2014): 273–301. http://dx.doi.org/10.1108/jima-06-2013-0042.

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Purpose – The purpose of this study is to propose a theory of Islamic consumer behaviour to explain the factors that influence the Islamic mortgage industry. Although previous works have shown that conventional marketing theories were, to a certain extent, able to predict factors influencing halal marketing and Islamic mortgage, these theories fail to capture or accommodate the Islamic perspectives of consumer behaviour. Conventional marketing theories have also been found to be inadequate to explain the Islamic mortgage preference among consumers. Design/methodology/approach – Drawing upon th
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25

Chevalier, Judith A., and Anil K. Kashyap. "Best Prices: Price Discrimination and Consumer Substitution." American Economic Journal: Economic Policy 11, no. 1 (February 1, 2019): 126–59. http://dx.doi.org/10.1257/pol.20150362.

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This paper proposes a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. In the motivating model, loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price available, the “best price.” In the model, the best price is part of an exact price index. Accounting for the best price also substantially improves the empirical match between conventional price aggregation strategies and actual prices paid by consumers. The methodology improves inflation measurement while impo
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26

Ericson, Lars-Erik, Han-Suck Song, Jakob Winstrand, and Mats Wilhelmsson. "REGIONAL HOUSE PRICE INDEX CONSTRUCTION – THE CASE OF SWEDEN." International Journal of Strategic Property Management 17, no. 3 (September 23, 2013): 278–304. http://dx.doi.org/10.3846/1648715x.2013.822032.

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The academic literature on the construction of regional house price indexes usually uses geographic areas whose boundaries are administratively drawn. However such administrative regions might not be optimal for the construction of regional price indexes. When producing housing price indexes, we often encounter problems with insufficient number of observations. One way to remedy this problem is to estimate a quarterly index instead of a monthly index. Another possible way to mitigate the thin markets problem is to construct indexes for geographically aggregated regions. However, the literature
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27

Gorbunov, V. K., L. A. Kozlova, and A. G. Lvov. "To the Problem of Constructing Analytical Indexes of Market Demand: A Variative Approach." Voprosy statistiki 27, no. 3 (June 30, 2020): 65–80. http://dx.doi.org/10.34023/2313-6383-2020-27-3-65-80.

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The article develops methods for constructing economic (analytical) indexes in the framework of the holistic theory of market demand, built in recent years. By this, the economic indexes presented in the world literature within the framework of the theory of individual demand and, accordingly, related to households, acquire practical value.The introduction provides a brief overview of the main problems of modern indexology and the implementation of an economic approach dating back to the classical work of 1924 by the Soviet statistician A.A. Konüs. The properties of the most well-known «formul
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28

Waltl, Sofie R. "A hedonic house price index in continuous time." International Journal of Housing Markets and Analysis 9, no. 4 (October 3, 2016): 648–70. http://dx.doi.org/10.1108/ijhma-10-2015-0066.

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Purpose This paper aims to develop a methodology to accurately and timely measure movements in housing markets by constructing a continuously estimated house price index. Design/methodology/approach The continuous index, which is extracted from an additive model that includes the temporal and the locational effects as smooth functions, can be interpreted as an extension of the classical hedonic time-dummy method. The methodology is applied to housing sales from Sydney, Australia, between 2001 and 2011, and compared to three types of discrete indexes. Findings Discrete indexes turn out to appro
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29

Hsieh, Heng-Hsing, Kathleen Hodnett, and Paul Van Rensburg. "Fundamental Indexation For Global Equities: Does Firm Size Matter?" Journal of Applied Business Research (JABR) 28, no. 1 (July 17, 2012): 105. http://dx.doi.org/10.19030/jabr.v28i1.7154.

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Market capitalization is often used as the weighting methodology for broad market indexes to reflect the performances of large established firms in the market. The market capitalization of a firm is a price-sensitive measure of firm size that self-adjusts to reflect the firms intrinsic value in an efficient capital market. In the presence of investor overreaction, the price-sensitive cap-weighted indexes cease to be mean-variance efficient in that they overweigh overvalued assets and under weigh undervalued assets. Fundamental indexation, proposed by Arnott, Hsu and Moore (2005), argue that fu
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30

Zhang, Chengsi, Chunming Meng, and Lisa Getz. "Food prices and inflation dynamics in China." China Agricultural Economic Review 6, no. 3 (August 26, 2014): 395–412. http://dx.doi.org/10.1108/caer-12-2012-0140.

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Purpose – China has witnessed low and stable consumer price inflation in conjunction with high and volatile food price inflation over the past decade. The purpose of this paper is to examine questions about whether or not the link between consumer price inflation and food price inflation has weakened and the determinants of consumer price inflation. Design/methodology/approach – This paper explores these questions by estimating error correction terms for monetary and external sectors using the Johansen cointegration method. Findings – Empirical results suggest that the link between consumer pr
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31

M. Barrutia, Jose, and María Paz Espinosa. "Consumer expertise matters in price negotiation." European Journal of Marketing 48, no. 11/12 (November 4, 2014): 1962–85. http://dx.doi.org/10.1108/ejm-04-2013-0208.

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Purpose – The main purpose of this paper is to study the effect of consumer expertise on mortgage loan prices. We argue that consumer expertise should affect price due to two reasons: (1) loan mortgage prices in non-price-regulated settings are usually the result of a bank-customer negotiation process; and (2) a mortgage loan is a complex product. Design/methodology/approach – Data on mortgage loan prices were used for a sample of 1,055 households for 2005 (Bank of Spain Survey of Household Finances, EFF-2005). Findings – The regression results indicate that consumer expertise-related metrics
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32

Abraham, Katharine G. "Toward a Cost-of-Living Index: Progress and Prospects." Journal of Economic Perspectives 17, no. 1 (February 1, 2003): 45–58. http://dx.doi.org/10.1257/089533003321164949.

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The author considers the improvements the Bureau of Labor Statistics has made to the Consumer Price Index since the mid 1990s. These include changes designed to make the index more representative of current expenditure patterns; to account for consumer substitution in response to relative price change; and to account for changes in the quality of the goods and services that consumers purchase. Drawing on selected recommendations made by the National Academy of Sciences Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of Living Indexes recently chaired by Charle
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33

Ferenczi, B., S. Valkovszky, and J. Vincze. "What are consumer price statistics good for?" Acta Oeconomica 52, no. 2 (June 2002): 163–86. http://dx.doi.org/10.1556/aoecon.52.2002.2.1.

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This paper studies five different aspects of inflation. Undoubtedly, there are manifold requirements made on the consumer price index. It is designed to measure changes in the cost of living and the cost of holding money, to serve as basis for calculating real interest rate and real exchange rates and to fulfil the coordinating role of a core inflation index. The authors of this paper believe that seeking to capture inflation in terms of a single “universal” indicator may lead to an oversimplification of the concept. In its current form, the Hungarian consumer price index does not “purely” sui
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34

Krishnamurthi, Lakshman, and S. P. Raj. "The Effect of Advertising on Consumer Price Sensitivity." Journal of Marketing Research 22, no. 2 (May 1985): 119–29. http://dx.doi.org/10.1177/002224378502200202.

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The authors investigate how increased advertising affects consumer price sensitivity. First, a conceptual framework integrating the role of advertising content is presented. Next, a methodology for studying the impact of advertising on consumer price sensitivity to brand purchase quantity and consumption is developed. Analyses of diary panel data for an established, frequently purchased brand from an ADTEL advertising field experiment clearly demonstrate that increased advertising lowers price sensitivity. Further, this effect is strong in the high price sensitivity segment for purchase quanti
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35

Kenning, Peter, Heiner Evanschitzky, Verena Vogel, and Dieter Ahlert. "Consumer price knowledge in the market for apparel." International Journal of Retail & Distribution Management 35, no. 2 (February 27, 2007): 97–119. http://dx.doi.org/10.1108/09590550710728075.

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PurposeThe aim of this study is to analyze consumers' price knowledge in the market for apparels.Design/methodology/approachAfter reviewing earlier attempts at assessing the construct, the price estimation error “PEE” was used, a measure based on explicit price knowledge stored in long‐term memory, as a valid indicator of price knowledge.FindingsThe results, including data from about 1,527 consumers on 66 products from the German apparel market, indicate that price knowledge is relatively low.Originality/valueAlthough, in the literature, there are several studies on price knowledge in the food
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36

Ji, Xingquan, Ziyang Yin, Yumin Zhang, Xuan Zhang, Haishu Gao, and Xinyi Zhang. "Comprehensive Pricing Scheme of the EV Charging Station considering Consumer Differences Based on Integrated AHP/DEA Methodology." Mathematical Problems in Engineering 2020 (October 10, 2020): 1–11. http://dx.doi.org/10.1155/2020/8657258.

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Scientific pricing of the electric vehicle charging station is closely related to consumer behavior inevitably. Existing studies have not considered the impacts of consumer differences on the charging price, which will fail to meet the interests of various types of consumers. This paper proposes a novel pricing method based on consumer classification and comprehensive evaluation strategies. First, the basis for consumer classification is established according to a single factor sensitivity analysis of the consumer benefit model; then, the nonlinear expression of the basis is piecewise lineariz
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37

Hill, Robert J., and T. Peter Hill. "RECENT DEVELOPMENTS IN THE INTERNATIONAL COMPARISON OF PRICES AND REAL OUTPUT." Macroeconomic Dynamics 13, S2 (September 2009): 194–217. http://dx.doi.org/10.1017/s1365100509090129.

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Three important current areas of research in the field of international comparisons are the construction of price indexes at the basic heading level, price indexes at higher levels of aggregation, and the linking of comparisons across regions. We consider recent innovations in each of these areas. These innovations have largely arisen out of International Comparisons Program (ICP) 2005, and hence we discuss them in this context. We give particular emphasis to the construction of price indexes at the basic heading level, because we believe it is here that the biggest problems lie. For example,
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38

Rudzkis, Rimantas, Roma Valkavičienė, and Virmantas Kvedaras. "Prediction of Baltic Sectorial Share Price Indices." Lietuvos statistikos darbai 53, no. 1 (December 20, 2014): 53–59. http://dx.doi.org/10.15388/ljs.2014.13894.

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Extending the research started in [31], the paper uses econometric methods for the short-term forecasting of quarterly values of sector indexes of stock prices from the OMX Baltic stock exchange. The ARMA models and modelling methodology that was used to build the statistical models in the previous paper are now augmented with the algorithms of time series aggregation and identification of special features of the series. Here, the search for informative factors relies on the study of related literature. The specification of models is further tailored using the traditional significance (p-value
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39

Kozlova, М. A. "Törnqvist Formula for Сalculating a Consumer Price Index in Russia: Theory and Practice". Voprosy statistiki 27, № 5 (26 жовтня 2020): 87–94. http://dx.doi.org/10.34023/2313-6383-2020-27-5-87-94.

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The article reflects the author’s position on the adjustment of the so-called substitution bias, which affects the value of the consumer price index, currently calculated using the Laspeyres formula. The author proposes a solution to the problem of the adequacy of statistical measurements of the dynamics of consumer prices in the case when, as a result of changing cost of the consumer basket, a buyer replaces a relatively expensive product with a relatively cheaper one. This solution is based on the existing index construction methodology (axiomatic, economic and stochastic approaches). The ar
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40

Jürkenbeck, Kristin, Achim Spiller, and Stephan G. H. Meyerding. "Tomato attributes and consumer preferences – a consumer segmentation approach." British Food Journal 122, no. 1 (September 30, 2019): 328–44. http://dx.doi.org/10.1108/bfj-09-2018-0628.

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Purpose Vegetables are an important component of a healthy diet. Given that tomatoes are the most purchased vegetable in Germany, the purpose of this paper is to focus on how consumers evaluate tomatoes during their food choice. Each consumer has different preferences and, in order to target them, it is necessary to identify consumer groups. The study segments tomato consumers into homogenous target groups. Design/methodology/approach A choice experiment was used to simulate the buying situation in a supermarket. The data were analysed using latent class analysis, as well as principal componen
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41

Hamdi, Haykel, and Jihed Majdoub. "Risk-sharing finance governance: Islamic vs conventional indexes option pricing." Managerial Finance 44, no. 5 (May 14, 2018): 540–50. http://dx.doi.org/10.1108/mf-05-2017-0199.

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Purpose Risk governance has an important influence on the hedging performances in option pricing and portfolio hedging in both discrete and dynamic case for both conventional and Islamic indexes. The paper aims to discuss these issues. Design/methodology/approach This paper explores option pricing and portfolio hedging in a discrete and dynamic case with transaction costs. Monte Carlo simulations are applied to both conventional and Islamic indexes in US and UK markets. Simulations show that conventional and Islamic assets do not exhibit the same price and portfolio hedging strategy governance
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42

Abraham Jackson, Emerson, Edmond Tamuke, and Abdulai Sillah. "Modelling Monthly Headline Consumer Price Index (HCPI) through Seasonal Box-Jenkins Methodology." International Journal of Sciences 4, no. 01 (2018): 51–56. http://dx.doi.org/10.18483/ijsci.1507.

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43

Kirikkaleli, Dervis, and Ibrahim Darbaz. "The Causal Linkage between Energy Price and Food Price." Energies 14, no. 14 (July 11, 2021): 4182. http://dx.doi.org/10.3390/en14144182.

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This paper aims to reveal the causal relationship between energy prices and food prices and whether this relationship is similar in the food sub-groups forming the food price index used. As food prices more than doubled during the 2008 economic crisis, this relationship has received considerable attention from researchers. Many researches have been conducted to determine the causes and consequences of the 2008 food price crisis. Researches are mainly focused on crude oil and bio-energy in terms of “energy”. This research is not only differentiated by the data used but also by the methodology e
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44

Houseman, Susan, Christopher Kurz, Paul Lengermann, and Benjamin Mandel. "Offshoring Bias in U.S. Manufacturing." Journal of Economic Perspectives 25, no. 2 (May 1, 2011): 111–32. http://dx.doi.org/10.1257/jep.25.2.111.

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In this paper, we show that the substitution of imported for domestically produced goods and services—often known as offshoring—can lead to overestimates of U.S. productivity growth and value added. We explore how the measurement of productivity and value added in manufacturing has been affected by the dramatic rise in imports of manufactured goods, which more than doubled from 1997 to 2007. We argue that, analogous to the widely discussed problem of outlet substitution bias in the literature on the Consumer Price Index, the price declines associated with the shift to low-cost foreign supplier
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45

Cheng, Andy Wui Wing, and Iris Wing Han Yip. "China’s Macroeconomic Fundamentals on Stock Market Volatility: Evidence from Shanghai and Hong Kong." Review of Pacific Basin Financial Markets and Policies 20, no. 02 (May 18, 2017): 1750014. http://dx.doi.org/10.1142/s021909151750014x.

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This paper examines the effect of Chinese macroeconomic variables, the industrial production growth rate, the producer price index, the 3-month short-term Shanghai Interbank Offer Rate and the consumer price index, on the volatility of the Shanghai and Hong Kong stock markets. We apply the generalized autoregressive conditional heteroskedastic mixed data sampling model for the study. Our empirical findings on various indexes and enterprises in the Shanghai and Hong Kong markets show that Chinese macroeconomic variables have a greater power to explain the volatility in Hong Kong than in Shangha
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Greenlees, John S., and Robert McClelland. "Does Quality Adjustment Matter for Technologically Stable Products? An Application to the CPI for Food." American Economic Review 101, no. 3 (May 1, 2011): 200–205. http://dx.doi.org/10.1257/aer.101.3.200.

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Most indexes in the Consumer Price Index (CPI) use a form of the “matched-model” approach. It is frequently assumed that this approach accurately reflects inflation for items that have no major trend in quality. In this paper we investigate that hypothesis using CPI data for retail food items. We find that CPI analysts may be correct on average when they decide that new and replacement items are similar in quality. We also find, however, that when sample items are replaced by items of significantly different quality the CPI imputation procedures may underestimate price change and overstate qua
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Kozlova, M. A. "U.S. consumer price index in the second half of XX century: calculation strategy and ways of its changes." Statistics and Economics 16, no. 6 (December 26, 2019): 67–76. http://dx.doi.org/10.21686/2500-3925-2019-6-67-76.

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The purpose of this research is a detection of U.S. consumer price index development and change ways emerged in the second half of XX century. Consumer price index is considered as a practically evaluable index number.Materials and methods. This research is based on the methodology documents of U.S. Bureau of Labor Statistics and its theoretical and practical papers published in Monthly Labor Review. The basic method is historical and descriptive techniques.Results. Data generalization for U.S. consumer price index across five revisions is realized in structure of the calculation method, adapt
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Grewal, Dhruv, Anne Roggeveen, and Jens Nordfält. "Pricing in the modern world: the role of price-related and non-price related cues." Journal of Product & Brand Management 23, no. 6 (September 9, 2014): 397–400. http://dx.doi.org/10.1108/jpbm-06-2014-0649.

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Purpose – This editorial aims to discuss how the modern world is causing pricing practices of both retailers and consumers to evolve. The contributions of seven papers included in this special issue have been highlighted. Design/methodology/approach – The purpose is to explore how different cues impact consumer reactions to prices. Findings – These cues include both cues regarding the price itself (e.g. the level of the discount, how the price is broken into component parts, the starting price in an auction), as well as non-price-related cues (e.g. private labels, brand familiarly, consumer ra
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Kuo, Hsiao-Ching, and Chinintorn Nakhata. "Price promotions and products with low consumer ratings." Journal of Consumer Marketing 33, no. 7 (November 14, 2016): 517–27. http://dx.doi.org/10.1108/jcm-04-2016-1767.

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Purpose Previous research indicates the aversive effect of low consumer ratings on consumers’ purchasing decisions. This paper aims to apply decision justifiability theory to investigate how price promotions – price discount and price bundling – can reduce this effect. Design/methodology/approach Two scenario-based experiments were administered among college students (Experiment 1) and online consumer panels (Experiment 2) to test the research hypotheses. Findings When time-to-purchase is long (vs short), a large discount is more effective in alleviating consumers’ negative responses toward pr
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Guevara, Porfirio, Robert Hill, and Michael Scholz. "Hedonic indexes for public and private housing in Costa Rica." International Journal of Housing Markets and Analysis 10, no. 1 (February 6, 2017): 140–55. http://dx.doi.org/10.1108/ijhma-02-2016-0014.

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Purpose This study aims to show how hedonic methods can be used to compare the performance of the public and private sector housing markets in Costa Rica. Design/methodology/approach Hedonic price indexes are computed using the adjacent-period method. Average housing quality is measured by comparing hedonic and median price indexes. The relative performance of the public and private sector residential construction is compared by estimating separate hedonic models for each sector. A private sector price is then imputed for each house built in the public sector, and a public sector price is impu
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