MagazinePrices

0th

Percentile

Magazine Prices

yearly observations of 38 magazines from 1940 to 1980

number of observations : 1262

number of time-series : 41

country : United States

JEL codes: L82

Chapter : 08

Keywords
datasets
Usage
data(MagazinePrices)
Format

A dataframe containing:

year

the year

magazine

the magazine name

price

the price of the magazine in january

change

has the price changed between january of the current year and january of the following year ?

length

number of years since the previous price change

cpi

gdp deflator index

cuminf

cummulative change in inflation since the previous price change

sales

single copy sales of magazines for magazine industry

cumsales

cumulative change in magazine industry sales since previous price change

included

is the observation included in the econometric analysis ?

id

group index numbers used for the conditional logit estimation

References

Willis, Jonathan L. (2006) “Magazine Prices Revisited”, Journal of Applied Econometrics, 21(3), 337-344, 10.1002/jae.836 .

Cecchetti, Stephen G. (1986) “The Frequency of Price Adjustment, a Study of Newsstand Prices of Magazines”, Journal of Econometrics, 31, 255-274, 10.1016/0304-4076(86)90061-8 .

Aliases
  • MagazinePrices
Examples
# NOT RUN {
#### Example 8-3

## ------------------------------------------------------------------------
data("MagazinePrices", package = "pder")
logitS <- glm(change ~ length + cuminf + cumsales, data = MagazinePrices, 
              subset = included == 1, family = binomial(link = 'logit'))
logitD <- glm(change ~ length + cuminf + cumsales + magazine, 
              data = MagazinePrices, 
              subset = included == 1, family = binomial(link = 'logit'))
library("survival")
logitC <- clogit(change ~ length + cuminf + cumsales + strata(id), 
                 data = MagazinePrices,
                 subset = included == 1)
library("texreg")
screenreg(list(logit = logitS, "FE logit" = logitD,
"cond. logit" = logitC), omit.coef = "magazine")
# }
Documentation reproduced from package pder, version 1.0-1, License: GPL (>= 2)

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