Topic
Index (economics)
About: Index (economics) is a research topic. Over the lifetime, 35235 publications have been published within this topic receiving 609917 citations. The topic is also known as: index & Index number.
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TL;DR: In this article, a theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space.
Abstract: A class of differentiated products is completely described by a vector of objectively measured characteristics. Observed product prices and the specific amounts of characteristics associated with each good define a set of implicit or "hedonic" prices. A theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space. Buyer and seller choices, as well as the meaning and nature of market equilibrium, are analyzed. Empirical implications for hedonic price regressions and index number construction are pointed out.
10,206 citations
TL;DR: The index h, defined as the number of papers with citation number ≥h, is proposed as a useful index to characterize the scientific output of a researcher.
Abstract: I propose the index h, defined as the number of papers with citation number ≥h, as a useful index to characterize the scientific output of a researcher.
8,996 citations
Book•
01 Jan 1963
TL;DR: In this paper, the authors present an overview of basic concepts in the Behavioral Theory of the Firm, and present a specific price and output model for a specific type of products. But they do not discuss the relationship between the two concepts.
Abstract: List of Tables and Figures. Acknowledgements. Preface to Second Edition. 1. Introduction. 2. Antecedents of the Behavioral Theory of the Firm. 3. Organizational Goals. 4. Organizational Expectations. 5. Organizational Choice. 6. A Specific Price and Output Model. 7. A Summary of Basic Concepts in the Behavioral Theory of the Firm. 8. Some Implications. 9. An Epilogue. Index.
8,897 citations
8,687 citations