Diewert Price Level Measurement

1. Auflage 2014
ISBN: 978-1-4832-9584-8
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band Volume 196, 386 Seiten, Web PDF

Reihe: Contributions to Economic Analysis

Among the theoretical issues covered in this volume are the 'economic' and the 'axiomatic' or 'test' approaches to the problem of constructing and choosing among alternative cost-of-living index formulas; 'bounds' and 'econometric' alternatives for developing empirically computable approximations of theoretically desirable indexes; recommendations concerning the incorporation of leisure time in measures of the cost-of-living; and the formulation of social and group cost-of-living indexes. The Jorgenson-Slesnick paper also presents a far-reaching empirical study of price changes in the U.S.The importance of this book to those with an interest in economic theory is obvious. However, this book also holds out the opportunity and challenge to applied researchers to gain a deeper understanding of the index numbers of which they make daily use.

Autoren/Hrsg.

Diewert, W. E.

Inhaltsverzeichnis

1;Front Cover;1
2;Price Level Measurement;4
3;Copyright page;5
4;Table of Contents;8
5;INTRODUCTION TO THE SERIES;6
6;CHAPTER 1. AN OVERVIEW OF THE PAPERS ON PRICE LEVEL MEASUREMENT;10
6.1;References to papers not in this volume;13
7;CHAPTER 2. THE THEORY OF THE COST-OF-LIVING INDEX;14
7.1;SUMMARY;14
7.2;1. Preliminaries;16
7.3;2. Basic Theory;19
7.4;3. Laspeyres and Paasche Indexes;24
7.5;4. When the Index is Equal to Its Bounds;29
7.6;5. The Base Indifference Curve;37
7.7;6. Specific Preference Orderings;42
7.8;7. A Preference Field Quantity Index;58
7.9;8. Price, Quantity, and Expenditure Indexes;65
7.10;9. Price Indexes for Demand Analysis;69
7.11;Footnotes;82
7.12;References;83
7.13;Additional References, 1982;85
8;CHAPTER 3. THE THEORY OF THE COST-OF-LIVING INDEX AND THE MEASUREMENT OF WELFARE CHANGE;88
8.1;SUMMARY;88
8.2;1. Introduction;88
8.3;2. The Single Household Cost-of-Living Index;90
8.4;3. Single Household Welfare Indicators;100
8.5;4. Fixed Base versus Chain Indexes;108
8.6;5. The Democratic Consumer Price Index;111
8.7;6. The Plutocratic Cost-of-Living Index;113
8.8;7. Social Welfare Indexes;116
8.9;8. The Theory of Subindexes;119
8.10;9. An Intertemporal Cost-of-Living Index;124
8.11;10. Spatial Cost-of-Living Indexes;128
8.12;11. Leisure and Labour Supply in the Cost-of-Living Index;130
8.13;12. Durables in the Cost-of-Living Index;134
8.14;13. The New Goods Problem;139
8.15;14. Conclusion;140
8.16;Appendix: Proofs of Theorems;141
8.17;Footnotes;146
8.18;References;149
9;CHAPTER 4. COMMENTS;158
9.1;THE KONUS AND MALMQUIST INDICES CONSTRUCTED WITH COST FUNCTIONS;160
9.2;THE KONUS AND MALMQUIST INDICES CONSTRUCTED WITH DISTANCE FUNCTIONS;162
9.3;References;163
10;CHAPTER 5. INDIVIDUAL AND SOCIAL COST-OF-LIVING INDEXES;164
10.1;SUMMARY;164
10.2;1. Introduction;165
10.3;2. Aggregate Consumer Behavior;168
10.4;3. Econometric Model;180
10.5;4. Individual Cost-of-Living Indexes;188
10.6;5. Social Welfare Functions;194
10.7;6. Social Cost-of-Living Index;210
10.8;7. Group Cost-of-Living Indexes;214
10.9;8. Summary and Conclusion;221
10.10;Footnotes;234
10.11;References;236
11;CHAPTER 6. COMMENTS;244
11.1;Footnotes;255
11.2;References;256
12;CHAPTER 7. LEISURE TIME AND THE MEASUREMENT OF ECONOMIC WELFARE;258
12.1;SUMMARY;258
12.2;1. Introduction;259
12.3;2. Index Numbers of Real Income and The Cost of Living;261
12.4;3. Income-Leisure Choice and Index Numbers of Real Income;266
12.5;4. Index Numbers of Real Income and Real Wages: Canada, 1949-80;277
12.6;5. Conclusions;282
12.7;Footnotes;284
12.8;References;285
13;CHAPTER 8. COMMENTS;288
14;CHAPTER 9. PREFERENCE DIVERSITY AND AGGREGATE ECONOMIC COSTOF-LIVING INDEXES1;294
14.1;SUMMARY;294
14.2;1. Introduction;294
14.3;2. Representative Households;297
14.4;3. The Social Cost-of-Living Index;305
14.5;4. Conclusion;314
14.6;Appendix;314
14.7;Footnotes;326
14.8;References;327
15;CHAPTER 10. AXIOMATIC FOUNDATION OF PRICE INDEXES AND PURCHASINGPOWER PARITIES;330
15.1;SUMMARY;330
15.2;1. Introduction;331
15.3;2. Notation and Definitions;332
15.4;3. Examples and Implications;337
15.5;4. Further Criteria and Implications;343
15.6;5. Characterizations;353
15.7;6. Inconsistency Considerations;362
15.8;Footnotes;365
15.9;References;366
16;CHAPTER 11. COMMENTS;368
16.1;Reference;371
17;NAME INDEX;372
18;SUBJECT INDEX;374