Hedonic Price Index Number for New One-Family Detached Houses in Finland

2021 ◽  
Author(s):  
Antti Suoperä ◽  
Johanna Vuorio
Keyword(s):  
Price Index ◽  
Index Number ◽  
Hedonic Price

scholarly journals Construction Of Hedonic Price Index For The “Most Liquid” Polish Painters

2014 ◽  
Vol 14 (2) ◽  
pp. 76-100
Author(s):  
Krzysztof Kompa ◽  
Dorota Witkowska
Keyword(s):  
Price Index ◽  
Art Market ◽  
Alternative Form ◽  
Expected Returns ◽  
Hedonic Price ◽  
Single Model ◽  
Quality Adjustment ◽  
Good Investment ◽  
Hedonic Quality ◽  
Hedonic Index

Abstract Art market has been developing in Poland and the first Art Fund was established in 2011. Therefore it seems that investment in art can be considered as alternative form by Polish investors. In order to decide whether art is a good investment, it is necessary to evaluate expected returns which might be obtained from such investment thus an art price index should be developed. The aim of the paper is to discuss artworks as investment assets and evaluate price index of paintings produced by 11 Polish artists whose artworks were traded the most often on auctions that were held in Poland in the years 2007–2010. In our research, employing data concerning 750 objects, we apply the hedonic index methodology to estimate returns from the paintings market. The results of our investigation show that hedonic quality adjustment essentially influences evaluation of artwork prices therefore we propose the aggregated hedonic index which might better describe situation at the art market than the hedonic index biased by the specification of a single model.

Pricing IaaS: A Hedonic Price Index Approach

2017 ◽  
pp. 18-28 ◽  
Author(s):  
Persefoni Mitropoulou ◽  
Evangelia Filiopoulou ◽  
Mara Nikolaidou ◽  
Christos Michalakelis
Keyword(s):  
Price Index ◽  
Hedonic Price ◽  
Index Approach

scholarly journals Inflation and Price Escalation Adjustments in Estimating Program Cost: F-35 Case Study

2020 ◽  
Vol 27 (92) ◽  
pp. 194-217
Author(s):  
Stanley Horowitz ◽  
Bruce Harmon
Keyword(s):  
Price Index ◽  
Hedonic Price ◽  
Cost Estimating ◽  
Program Cost ◽  
Defense Systems ◽  
Price Indexes ◽  
Acquisition Costs ◽  
Using Data ◽  
Price Escalation

Applying price indexes presents a challenge in estimating the costs of new defense systems. An inappropriate price index—one not closely linked to the inputs to the systems being costed—can introduce errors in both development of cost estimating relationships (CER) and in development of out-year budgets. To help cost analysts understand the impacts of different price indexes, this article applies two sets of price indexes to the F-35 program. Using hedonic price indexes derived from CERs, the authors isolate changes in price due to factors other than changes in quality by developing a “Baseline” CER model using data on historical tactical aircraft programs available early in the F-35 program. The focus of the work is to improve estimates of acquisition costs. All the data used in the econometric analysis are acquisition cost data. Better cost estimates should improve projections of budget requirements.

scholarly journals Index Number Issues in the Consumer Price Index

1998 ◽  
Vol 12 (1) ◽  
pp. 47-58 ◽  
Author(s):  
W. Erwin Diewert
Keyword(s):  
Price Index ◽  
Inflation Rate ◽  
Consumer Price Index ◽  
Index Number ◽  
Cost Of Living ◽  
Fixed Base ◽  
Statistical Agencies ◽  
Cost Of Living Index ◽  
Theoretical Cost

This paper addresses the following issues: what is an appropriate theoretical consumer price index that statistical agencies should attempt to measure; what are some of the possible sources of biases between the fixed base Laspeyres price index that statistical agencies produce and the theoretical cost-of-living index; and what factors will make the biases larger or smaller and how will the biases change as the general inflation rate changes? This paper addresses all of the issues mentioned above and discusses what statistical agencies can do to reduce the biases.

Design of Real Estate Price Index System Based on Hedonic Price Method

2014 ◽  
Vol 488-489 ◽  
pp. 1463-1466
Author(s):  
Yun Du ◽  
Hui Qin Sun ◽  
Su Ying Zhang ◽  
Qiang Tian
Keyword(s):  
Real Estate ◽  
Price Index ◽  
Real Estate Market ◽  
Hedonic Price ◽  
Hedonic Price Method ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Price ◽  
Price Series ◽  
Research Level

Urban real estate price index (hereinafter referred to as UREPI) is a basic data of the real estate market, its accuracy is very important for enterprises, consumers and housing management department. In view of current research level here in China and popular models, the UREPI system is compiled based on the Hedonic price method because of its advantages such as calculation simple and sample easily etc. Compiled by Eviews the system has three main stages: the data standardization, the benchmark model establishment and the application of two periods chained update method to update price series. UREPI system is combined with the real deal, so it can be used to analysis the market accurately. The results completely meet the design requirements.

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