Relatioinships between economic and statistical price indices
Articles
Received:
Revised:
- 23 Downloads
Abstract
In the following, the economic counterparts of Eichhorn's and Voeller's tests for statistical price indices will be studied. We will see that replacing the statistical Commensurability Axiom in the economic price index theory by a property which is only concerned with price changes leads to similar relationships between this one and several other tests as in the statistical price index theory.
Keywords
Utility Function Price Index Demand Function Utility Level Comparison Time
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Preview
Unable to display preview. Download preview PDF.
References
- Diewert, W.E. (1976): Exact and Superlative Index Numbers, Journal of Econometrics 4, 115–145.MATHCrossRefMathSciNetGoogle Scholar
- Diewert, W.E. (1981): The Economic Theory of Index Numbers. A Survey, in: Essays in the theory of Measurement of Consumer Behaviour in Honour of Sir Richard Stone, A. Deaton (ed.), Cambridge University Press, London.Google Scholar
- Eichhorn, W. and J. Voeller (1976): Theorie of the Price Index. Fisher's Test Approach and Generalization. Lecture Notes in Economics and Mathematical Systems, vol. 140. Springer Verlag, Berlin-Heidelberg-New York.Google Scholar
- Eichhorn, W. and J. Voeller (1983): Axiomatic Foundation of Price Indexes and Purchasing Power Parities. in: Conference on Price Measurement, W.E. Diewert (ed.), Statistics Canada, Ottawa.Google Scholar
- Fuchs-Seliger, S., U. Niemeyer und A. Pfingsten (1985): An Analysis of Statistically—Motivated Tests in Economic Price Index Theory, Discussion Paper des Instituts für Wirtschaftstheorie und OR, 263, Karlsruhe.Google Scholar
- Pflanzagl, I. (1971): Theory of Measurement. Physica Würzburg-Wien.Google Scholar
- Pollak, R.A. (1983): The Theory of the Cost-of-Living Index, in: Conference on Price Measurement. W.E. Diewert (ed.), Statistics Canada, Ottawa.Google Scholar
- Wald, A. (1940): The Approximate Determination of Indifference Surfaces by Means of Engel Curves. Econometrica 8, 144–175.MATHCrossRefMathSciNetGoogle Scholar
Copyright information
© Springer-Verlag 1986