E-Book, Englisch, 456 Seiten
Afriat The Price Index and its Extension
Erscheinungsjahr 2004
ISBN: 978-1-134-35864-9
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
A Chapter in Economic Measurement
E-Book, Englisch, 456 Seiten
Reihe: Routledge Frontiers of Political Economy
ISBN: 978-1-134-35864-9
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
The book is not an unrestricted survey engaging a vast and repetative literature, but a systematic treatise within clear boundaries, largely a document of Afriat's own work. The original motive of the work is to elaborate a concept of what really is a price index, which, despite some kind of price-level notion having a presence throughout economics, in theory and practice, had been missing.
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Part I: Paasche, Laspeyres and Fisher
Introduction - Theory and Practice
1. Comparisons
2. Fleetwood's student
3. What is a price index?
I - Three Problems
1. The 'Index Number Problem'
2. Formulae and tests
3. Utility-cost
4. Cost efficiency and effectiveness
5. The price index
6. Problems
II - The General Probem of Limits
1. Consistency of demands
2. Revealed choice and preference
3. Preference-nonpreference contradiction
4. Cost-efficiency and nonsatiation
5. Critical costs
6. Revealed bounds and classical limits
III - The Homogeneous Problem - Laspeyres and Paasche
1. Conical utility and expansion loci
2. Homogeneous consistency
3. Revealed homogeneous preference
4. Range of the price index
5. Revealed bounds
6. Classical limits
IV - Fisher and quadratics
1. Byushgens on Fisher
2. Question about Byushgens
3. Gradients and quadratics
4. Conditions for compatibility
5. Theorem on quadratic consistency
Part II - The Cost of Living
I - Price and quantity levels
1. Price-quantity duality
2. Dual function examples
3. Price and quantity levels
4. Limits of Indeterminacy
II - The True Index
1. The cost of living
2. The price index
3. Formulae, and Fisher's Tests
4. The Paasche-Laspeyres interval
5. Existence test
6. Theory and practice
7. Many periods
8. Price levels
9. Fisher's formula
III - Fisher and Byushgens
1. Byushgens' theorem
2. The existence question
3. Purchasing power correspondence
4. Many-period generalization
IV - The Four Point Formula
1. Median multipliers and levels
2. Centre locus
3. Linear purchasing power
4. Critical locations
5. Elliptical case
V - Wald's "New Formula"
1. Linear expansions
2. Revealed purchasing power
3. The critical points
4. Marginal price indices, and limits