Gasoline Cost and Hedonic Price Indexes of U.S. Used Cars for 1970–1983 A Note |
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| Authors: | Makoto Ohta |
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| Institution: | Institute of Socio-Economic Planning, University of Tsukuba , Sakura, Ibaraki 305, Japan |
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| Abstract: | Hedonic price indexes are estimated for U.S. used passenger cars for 1970–1983. A few notions of indexes that differ in the treatments of the expected present value of gasoline cost for driving a car over its remaining life are considered. Their relationships are obtained theoretically and examined empirically. Our indexes also are compared with the Consumer Price Index. |
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| Keywords: | Traditional hedonic price index New-fashioned hedonic price index Consumer Price Index Weighted index Oil shock Consumer expectation |
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