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Using the Value of Time for Quality Adjustment – Testing the concept for Rail fares
Start to develop a new approach to quality adjustment for prices that may be suitable for certain services
Firstly, to develop a possible alternative method of quality adjustment to the ones commonly used by statistical offices, e.g. hedonic indices. In particular, we aim to develop a method more applicable to a service sector price index, one that takes into account several aspects of service performance. Secondly, we aim to illustrate the proposed concepts with a test of concept index.
Published in web format: 10 August 2005 at 9:30 am
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