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The circular and time reversal tests reconsidered in economic price index theory

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Abstract

In this paper, a generalized definition of the well known economic price index is used to derive some similarities and dissimilarities between statistical and economic price index theory. The relationships between statistical and economic index numbers are analyzed by means of two tests taken from axiomatic (statistical) approaches which can also be formulated in an economic context.

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Authors and Affiliations

  1. Institut für Wirtschaftstheorie und Operations Research, Universität Karlaruhe, Kaiserstr. 12, D-7500, Karlsruhe, Germany

    Walter Bossert & Andreas Pfingsten

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  1. Walter Bossert
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  2. Andreas Pfingsten
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Bossert, W., Pfingsten, A. The circular and time reversal tests reconsidered in economic price index theory. Statistische Hefte 28, 271–284 (1987). https://doi.org/10.1007/BF02932607

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  • DOI: https://doi.org/10.1007/BF02932607

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