Index Numbers: Essays in Honour of Sten Malmquist

Professor Sten Malmquist constructed the Malmquist quantity index and in doing so developed a distance function defined on a consumption space. This function is the consumer analogue to the Shephard input distance function of producers and is used in ratio form to define the quantity index. This volume contains contributions based on Malmquist's work of nearly 50 years ago and provides perspectives on the value of this research.