Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87

  title={Econometric Analysis of Price Index for Home Video Cassette Recorders in the U.S., 1978-87},
  author={Hiroshi Ohashi},
  journal={IO: Productivity},
  • H. Ohashi
  • Published 1 November 2001
  • Economics
  • IO: Productivity
This paper conducts an empirical analysis on the U.S. VCR market using a hedonic approach. The paper finds that quality-adjusted price indices decline at 11-12% per year, with a large annual drop of about 18% from 1982-85. Estimation and data analysis reveal interesting aspects of the evolution of quality and price in the VCR market. As a result of the exclusion of the VCR category until 1986, the paper estimates a bias of 2.4% per year in the CPI electronics subindex. 
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