CfiPIT ft LftGGREGOTION USING ftLTERNOTIVE RENTAL PRICES by Michael J. Harper Ernst R. Berndt David 0. Wood November 1985 (R evised, January 1987) The author are, rempectively, Economist, U. S. Bureau of Labor Statistics, Office of Productivity and Technology; Profesor of Applied Economics, MITS loan School of Management Jand Senior Lecturer, MITS loan School of Management. The opinions expressed herein are those of the authors, and are not necessarily those of the institutions with which they are affiliated. This research has been sponsored by the BLS as part of its ongoing program in assessing methodological issues underlying productivity measurement. Special thanks to former BLS staff members William Waldorf and Charles R. Hulten, who offered valuable advice and suggestions during the formative stages of this project. The detailed comments of Edwin Dean, W. Erwin Diewert and ar anonymous referee are also gratefully acknowledged. ft first version of this paper was given at the John F. Kennedy School of Government, Harvard University, Program for Technology and Economic Policy Conference, 8N ovember 1985.
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