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Scanner Data and Price Indexes$
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Robert C. Feenstra and Matthew D. Shapiro

Print publication date: 2002

Print ISBN-13: 9780226239651

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226239668.001.0001

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Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Scanner Data and Price Indexes
Author(s):

Robert C. Feenstra

Matthew D. Shapiro

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226239668.003.0001

This book explores how scanner data can enhance price measurement. Scanner data provide a record of virtually all transactions. Scanner data can decrease the need to measure prices for a limited number of items at a limited number of outlets. It could give new opportunities to make comparisons of levels of prices or unit values across establishments. It also pose significant challenges for economic and index number theory. The use of scanner data needs the participation and cooperation of private firms. The availability of more data does not always lead to better analysis. The electronic economy produces a flood of information. In addition, the scanner data present challenges for mapping transactions data into price index numbers. An overview of the chapters included in this book is finally given.

Keywords:   scanner data, price index, index number theory, private firms, electronic economy, transactions

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