Many economists feel that the government consumer and producer price indexes may be overestimating the effect of inflation since the indexes likely do not account properly for the extremely rapid technological advances in many areas. One of these areas is personal desktop computers. Although personal computers have only been available for approximately ten years, their technical quality charact...

Far Above Rubies: The Association Between Bride Price and Extramarital Sexual Relations in Uganda The custom of bride price involves the payment of goods or cash from the groom’s family to the bride’s family at the time of marriage. We present a theory that views bride price as a payment in hedonic markets for marital fidelity. Data from a household survey in Uganda are used to test the theoret...

This paper presents a framework for the construction of a residential real estate price index for Jamaica. This real estate price index will consist of a sales value-weighted aggregation of price sub-indices across geographical regions or zones. In this study, a hedonic price imputation model for housing in the parishes of Kingston & St. Andrew is estimated using mortgage transaction and assess...

Most existing house price index construction methods are developed mainly based on transaction data from the secondary housing market, and are not necessarily suitable for the nascent housing markets where a predominant portion of housing transactions are new units. Using the booming market in China as an example, we evaluate and compare the performances of three most common house price measure...

This technical paper lays out the methodology used to develop a hedonic price model to measure price trends around The 606, a newly established linear park system on the northwest side of Chicago. Two pricing models were required to understand how the housing market responded to the development of the trail. First, in order to analyze the project’s impact by time and geographical area, the Inst...