A Price Index for Police Inputs

Price Index Estimation Using Price Imputation for Unsold Items

Although scanner price quotes and expenditures have great promise in improving the Consumer Price Index (CPI), their use has introduced new problems. One major problem confronting the Bureau of Labor Statistics (BLS) is the treatment of an item that experiences no purchases during a particular time period. Either a price can be explicitly imputed for this item or it can be implicitly imputed by...

House Price Index Methodologies

Pricing IaaS: A Hedonic Price Index Approach

Infrastructure as a Service (IaaS) is a rapidly expanding model of cloud computing. It includes control of computing resources, such as memory, computing power and storage capacity, satisfying the most fundamental IT needs for businesses on a usage-based payment model. Currently, there is an increased demand for IaaS services, which in turn feeds competition among cloud providers. As the price ...

Estimating Variances for a Scanner-based Consumer Price Index

This paper presents estimates of the sampling variance of price change for an experimental scannerbased Consumer Price Index for cereal for the New York Consolidated Metropolitan Statistical Area. Variances are presented for 1-, 2-, 6-, and 12-month price change lags, using a stratified jackknife methodology. In section one the official CPI and scanner-based geometric price index estimators are...

A Quality-Adjusted Price Index for Colorectal Cancer Drugs∗

The average price of providing a colorectal cancer patient with a 24-week chemotherapy drug regimen increased from $126 in 1993 to $36,000 in 2005, due largely to the approval and widespread use of five new drugs between 1996 and 2004. We examine whether the substantial increase in spending has been worth it. Using methods developed by Berry (1994) and Nevo (2003), we estimate a price index for...