The Measurement of Durable Goods Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Measurement of Durable Goods Prices write by Robert J. Gordon. This book was released on 2007-12-01. The Measurement of Durable Goods Prices available in PDF, EPUB and Kindle. American business has recently been under fire, charged with inflated pricing and an inability to compete in the international marketplace. However, the evidence presented in this volume shows that the business community has been unfairly maligned—official measures of inflation and the standard of living have failed to account for progress in the quality of business equipment and consumer goods. Businesses have actually achieved higher productivity at lower prices, and new goods are lighter, faster, more energy efficient, and more reliable than their predecessors. Robert J. Gordon has written the first full-scale work to treat the extent of quality changes over the entire range of durable goods, from autos to aircraft, computers to compressors, from televisions to tractors. He combines and extends existing methods of measurement, drawing data from industry sources, Consumer Reports, and the venerable Sears catalog. Beyond his important finding that the American economy is more sound than officially recognized, Gordon provides a wealth of anecdotes tracing the postwar history of technological progress. Bolstering his argument that improved quality must be accurately measured, Gordon notes, for example, that today's mid-range personal computers outperform the multimillion-dollar mainframes of the 1970s. This remarkable book will be essential reading for economists and those in the business community.
The Measurement of Durable Goods Prices
The Measurement of Durable Goods Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Measurement of Durable Goods Prices write by Robert James Gordon. This book was released on 1974. The Measurement of Durable Goods Prices available in PDF, EPUB and Kindle.
Energy Efficiency, User Cost Changes, and the Measurement of Durable Goods Prices
Energy Efficiency, User Cost Changes, and the Measurement of Durable Goods Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Energy Efficiency, User Cost Changes, and the Measurement of Durable Goods Prices write by Robert J. Gordon. This book was released on 1983. Energy Efficiency, User Cost Changes, and the Measurement of Durable Goods Prices available in PDF, EPUB and Kindle. This paper develops the theory of price measurement when quality change is "nonproportional", yielding increases in the user value of a given product in a different proportion than the increase in production cost associated with the quality improvement. The theoretical section demonstrates that "nonproportional" quality change is treated consistently by properly defined input and output price indexes; that both types of indexes should he based on quality adjustments that use the criterion of user value rather than production cost; and that if improvements in energy efficiency are embodied in a good by its manufacturer, the prices of new models should be adjusted for the user value of these cost savings. The proposed approach is applied in a case study of the commercial aircraft industry. In contrast to the official price index for aircraft that rises at a 2.5 percent annual rate between 1957 and 1972, a new index is developed that declines at a 7.1 percent annual rate over the same period. The new index implies that output and productivity in the aircraft industry grew much faster than previously believed between 1957 and1972, while total factor productivity in the airline industry grew much less rapidly. The proposed quality adjustments for individual aircraft types are corroborated by price ratios observed in the used aircraft market
Energy Efficiency, User Cost Change, and the Measurement of Durable Goods Prices
Energy Efficiency, User Cost Change, and the Measurement of Durable Goods Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Energy Efficiency, User Cost Change, and the Measurement of Durable Goods Prices write by Robert James Gordon. This book was released on 1979. Energy Efficiency, User Cost Change, and the Measurement of Durable Goods Prices available in PDF, EPUB and Kindle.
Price Index Concepts and Measurement
Price Index Concepts and Measurement - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Price Index Concepts and Measurement write by W. Erwin Diewert. This book was released on 2010-02-15. Price Index Concepts and Measurement available in PDF, EPUB and Kindle. Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
