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Seasonality, consumer heterogeneity and price indexes: the case of prepackaged software.
- Source :
- Journal of Productivity Analysis; Feb2013, Vol. 39 Issue 1, p47-59, 13p, 9 Charts, 5 Graphs
- Publication Year :
- 2013
-
Abstract
- This paper measures constant-quality price change for prepackaged software in the US using detailed and comprehensive scanner data. Because there is a large sales surge over the winter-holiday, it is important to account for seasonal variation. Using a novel approach to constructing a seasonally-adjusted cost-of-living price index that explicitly accounts for consumer heterogeneity, I find that from 1997 to 2003 constant-quality software prices declined at an average 15.9% at an annual rate. As a point of comparison, the Bureau of Labor Statistics reports average annual price declines of only 7.7% for prepackaged software. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0895562X
- Volume :
- 39
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Journal of Productivity Analysis
- Publication Type :
- Academic Journal
- Accession number :
- 84621682
- Full Text :
- https://doi.org/10.1007/s11123-012-0266-2