hedonics


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hedonics

(hĭ-dŏn′ĭks)
n. (used with a sing. verb)
The branch of psychology that studies pleasant and unpleasant sensations and states of mind.
References in periodicals archive ?
economists, in their hedonics research, have defended experienced
The second criticism is that, by expanding the use of hedonic quality adjustment over the past 10 years, the BLS has imposed arbitrary estimates of the "pleasure" consumers derive from new products, severely distorting the CPI as a result.
For example, Chwelos, Berndt, and Cockburn (2008) develop hedonic price indexes for personal digital assistants from 1999 to 2004 and find average price declines ranging from 19 to 26 per cent per year.
We also highlight the importance of local housing supply constraints on local prices, and draw out the implications for the interpretation of cross-city hedonic prices.
A complaint that noneconomists frequently raise about the CPI is that the practice of adjusting price changes for changes in the quality of the surveyed item--in particular when the method used is hedonic adjustment doesn't mesh with the real-life experience of inflation.
In an influential study, Black (1999) argued that previous research estimating hedonic pricing functions introduced an upward bias from neighborhood quality effects that are unaccounted for in the data.
We employed hedonic regression to obtain the specific weight of each main pricing characteristic.
As part of this comprehensive revision, the following changes will be introduced: The incorporation of an improved composite deflator for PCE for medical care and hospitalization insurance benefits, the introduction of new supplemental market-based PCE price and quantity measures, a modification to the price index used to deflate change in farm inventories, the development of new hedonic price indexes by BEA for private and government investment in nonresidential structures and equipment, and the incorporation of newly available PPIs from BLS into the estimates of real Federal Government consumption expenditures.
These political considerations may seem tangential to the subject of price hedonics, but the events following from Greenspan's remark have linked the two issues.
The corrosion inhibitor component, fragrance component and pH are selected so as to interact in a manner that maintains stable characters of corrosion inhibition, fragrance hedonics and formulation color.
Effects of authenticity perception, hedonics, and perceived value on ceramic souvenir-repurchasing intention.
The principle focus of their study is spatial hedonics, and within a 3-mile area they find the average impact to be negative 18%.