Statistische Hefte

, Volume 28, Issue 1, pp 271–284 | Cite as

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

  • Walter Bossert
  • Andreas Pfingsten
Articles
  • 42 Downloads

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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Copyright information

© Springer-Verlag 1987

Authors and Affiliations

  • Walter Bossert
    • 1
  • Andreas Pfingsten
    • 1
  1. 1.Institut für Wirtschaftstheorie und Operations ResearchUniversität KarlaruheKarlsruheGermany

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