Free Delivery Over $100
|
|
|||
|
||||
OverviewThe price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for the endpoints. This is the chain consistency required of price indices. A usual supposition is that the index is determined by a formula involving price and quantity data for the two reference periods, always joined with the question of which one to choose, and the perplexity that chain consistency is not obtained with any. Hence finally they should all be abandoned. This situation reflects The Index Number Problem. This book brings together a coherent discussion of fifty years of astonishingly creative work on this subject. Full Product DetailsAuthor: S N Afriat (University of Siena, Italy) , Carlo Milana (Institute of Studies and Economic Analysis, Italy)Publisher: Routledge Imprint: Routledge ISBN: 9781281899880ISBN 10: 1281899887 Pages: 263 Publication Date: 20 April 2009 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
||||
