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Robert John McCahill
BibTeX
@MISC{Institute_robertjohn,
author = {Virginia Polytechnic Institute and William R. Porter and Brian K. Reid and Robert John Mccahill and Robert John Mccahill and Nancy Wentzler and Nancy Wentzler and Committee Chairperson},
title = {Robert John McCahill},
year = {}
}
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Abstract
This study verifies previous econometric research which found that spreadsheet software prices, when adjusted for quality improvement, decline over the period 1986-1993. New econometric work is presented for prepackaged word processing software. Using objective criteria for variable selection, the model yields declining quality-adjusted prices for word processing software over the period 1985-1994. iii Acknowledgments The author wishes to thank research and thesis committee professors Nancy Wentzler, Russ Porter, and Brian Reid for their insightful comments and suggestions. Discussions with Stephen Oliner and Daniel Sichel of the Federal Reserve Board were extremely helpful in the early stages of this project. Professor David Meiselman, director emeritus, and department secretary Aniene Porter, deserve special recognition for their continued encouragement and support. iv Contents page 1 Purpose of this Study............................................................................................1 2 Controlling for the Effects of Quality Change on Prices........................................ 1 3 What is Prepackaged Software?........................................................................ 2 3.1 Varieties of Prepackaged Software 3.2 How Big is Prepackaged Software, Applications Software in Particular? 4 Literature on Hedonic Price Analysis................................................................3 5 The Hedonic Pricing Model............................................................................... 4 6 Procedures for this Study...................................................................................6 6.1.1 Data Considerations 6.1.2 Regression Results 6.2 Word Processing Software 6.2.1 Data Considerations 7 Test for Structural Cha...
Keyphrases
robert john mccahill data consideration prepackaged software word processing software quality improvement continued encouragement regression result previous econometric research rus porter director emeritus professor david meiselman insightful comment quality-adjusted price hedonic pricing model application software thesis committee professor nancy wentzler spreadsheet software price prepackaged word processing software quality change special recognition brian reid early stage stephen oliner hedonic price analysis objective criterion structural cha new econometric work iv content page federal reserve board variable selection department secretary aniene porter model yield daniel sichel
