Definition: Age-price profile

Category: OECD terminology

"Measuring Capital" Manual 2009

Index of the price of a capital good with regard to its age. The age-price profile compares identical capital goods of different age at the same point in time. Typically, the age-price profile declines with increasing age.

"Measuring Capital" Manual 2001

The age-price profile of an asset describes the change (usually the decline) in the price of an asset as it ages.

"Measuring Productivity" Manual

Age-price profile shows the loss in value of a capital good as it ages, or the pattern of relative prices for different vintages of the same (homogenous) capital good. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_capital_2001_en.pdf Measuring Productivity Manual (OECD 2001)Measuring Capital Manual, Second Edition (OECD 2009)
Source:
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001
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