Accounting for the effects of new and disappearing goods using scanner data

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dc.contributor.author Melser, D
dc.date.accessioned 2012-02-02T11:02:19Z
dc.date.issued 2006-01
dc.identifier.citation Review of Income and Wealth, 2006, 52 (4), pp. 547 - 568
dc.identifier.issn 0034-6586
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/15720
dc.description.abstract With the discovery of scanner data by statistical agencies and researchers comes a wealth of new information upon which price index calculations can be based. Old problems, such as the appearance and disappearance of goods over time, are likely to be an important feature of such data. However, given that scanner data includes the prices and quantities of the population of transactions we have more information than is traditionally available to deal with the new and disappearing goods problem. We adopt a recently developed approach using the Constant Elasticity of Substitution cost function to provide a detailed empirical analysis of the effects of new and disappearing goods for an Australian scanner data set of supermarket products. Our results indicate that the failure to account for new and disappearing goods in the cost-of-living index leads to a significant upward bias.
dc.publisher Wiley
dc.title Accounting for the effects of new and disappearing goods using scanner data
dc.type Journal Article
dc.parent Review of Income and Wealth
dc.journal.volume 4
dc.journal.volume 52
dc.journal.number 4 en_US
dc.publocation USA en_US
dc.identifier.startpage 547 en_US
dc.identifier.endpage 568 en_US
dc.cauo.name BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140299 Applied Economics Not Elsewhere Classified
dc.personcode 108916
dc.percentage 100 en_US
dc.classification.name Applied Economics not elsewhere classified en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Economics
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)


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