A Hedonic Study of Prepackaged Software
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Date
1997-05-22
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Publisher
Virginia Tech
Abstract
This study verifies previous econometric research which found that spreadsheet 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.
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Keywords
hedonics, prices, spreadsheet, word processing, characteristics