Quality adjusted price index for industrial robots

Article type: Research Article

Authors: Karlsson, Jan

Affiliations: Economic Commission for Europe, Statistical Division, Palais des Nations, CH-1211 Geneva 10, Switzerland. E-mail: jan.karlsson@unece.org

Abstract: The article presents calculations of price indices of industrial robots for the period 1990–2000. It reviews the characteristics for the pricing of industrial robots. Even when taking no consideration to the performance improvements of robots, which have occurred in the last decade, a very significant fall in prices is shown. By applying a combination of hedonic approaches and production-cost-mark-ups, a quality-adjusted price index is calculated, showing a fall in prices almost of the same magnitude as that for PC.

DOI: 10.3233/SJU-2001-18108

Journal: Statistical Journal of the United Nations Economic Commission for Europe, vol. 18, no. 1, pp. 119-124, 2001