Free standard shipping on all orders
  • Visa
  • Master Card
  • American Express
  • Apple Pay
  • Google Pay
  • JCB

Economics and the Price Index book cover

1st Edition

Economics and the Price Index

By S.N. Afriat, Carlo Milana Copyright 2009
288 Pages
by Routledge

288 Pages
by Routledge

288 Pages
by Routledge
Also available as eBook on:
The 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... Read more
Foreword (Angus Deaton, Princeton University, USA) PART I: Concept and method 1. The Super Price Index: Irving Fisher, and after 2.The Price-Level Computation Method 3.Price Level Computation: Illustrations PART II: Precursor 1.The system of inequalities ars > xs - xr. 2.On the constructibility of consistent price indices between several periods simultaneously 3.The Theory of Exact and Superlative Index-Numbers Revisited

Biography

S. N. Afriat , resident of Siena, intermittent adjunct at the University, Mathematics and Economics, permanent Visiting Professor. Carlo Milana , Research Director at ISAE (Istituto di Studi e Analisi Economica), Rome, a public research institution supported by the Italian Ministry of Economy and Finance.

"Sydney Afriat is the guru of the price index" Angus Deaton (Princeton University, USA)

"Researchers interested in price indexes, inter-area comparisons, revealed preference theory, or productivity measurement will find this book an enlightening, entertaining, and highly creative treatise on where the theory should go from here." Marshall Reinsdorf (Senior Research Economist, US Bureau of Economic Analysis)

Add to Cart