The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Sources of Bias and Solutions to Bias in the Consumer Price Index
Open accessAbstract
Four sources of bias in the Consumer Prices Index (CPI) have been identified. The most discussed is substitution bias, which creates a second order bias in the CPI. Three other changes besides prices changes create first order effects on a correctly measured cost of living index (COLI). I explain in this paper that a “pure price” based approach of surveying prices to estimate a COLI cannot succeed in solving the 3 problems of first order bias. I discuss economic and econometric approaches to measuring the first order bias effects as well as the availability of scanner data that would permit implementation of the techniques.
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Citations
Cites
Individual discount rates and the purchase and utilization of energy-using durables
Hausman, J. A. (1979) · The Bell Journal of Economics · doi:10.2307/3003318 · Cited by 1,372
Self-citationNonparametric Estimation of Exact Consumers Surplus and Deadweight Loss
Hausman, J. A., & Newey, W. K. (1995) · Econometrica · doi:10.2307/2171777 · Cited by 284
Self-citation
Cited by
Consumer benefits from increased competition in shopping outlets: Measuring the effect of Wal‐Mart
Hausman, J., & Leibtag, E. (2007) · Journal of Applied Econometrics · doi:10.1002/jae.994 · Cited by 263
Self-citationThe Unequal Gains from Product Innovations: Evidence from the U.S. Retail Sector*
Jaravel, X. (2019) · The Quarterly Journal of Economics · doi:10.1093/qje/qjy031 · Cited by 259
CPI bias and real living standards in Russia during the transition
Gibson, J., Stillman, S., & Le, T. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2007.06.005 · Cited by 62
Metadata
- Authors
- Hausman, J.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2003-02-01
- Volume
- 17
- Issue
- 1
- Pages
- 23-44
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2066944004
- Cited by
- 246
- References
- 2
- FWCI
- 25.65
- Type
- journal article
- Language
- en
- Open access
- bronze
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