Price and Quantity Index Numbers

Models for Measuring Aggregate Change and Difference

AvBert M. Balk

Häftad, Engelska, 2012

577 kr

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Beskrivning

Price and quantity indices are important, much-used measuring instruments, and it is therefore necessary to have a good understanding of their properties. When it was published, this book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach. There is no role for behavioural assumptions. In addition to subject matter chapters, two entire chapters are devoted to the rich history of the subject.

Produktinformation

Utgivningsdatum:2012-07-19
Mått:152 x 229 x 17 mm
Vikt:440 g
Format:Häftad
Språk:Engelska
Antal sidor:300
Förlag:Cambridge University Press
ISBN:9781107404960

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap

Recensioner i media

'While not addressing economic aggregation theory or economic index number theory, this book contains the most comprehensive treatment of the statistical, axiomatic approach to index number theory since Irving Fisher's famous book appeared in 1922. The role of that approach is especially relevant, when the applicability of microeconomic theory and thereby the existence of aggregator functions are compromised by aggregation of data over economic agents.' William A. Barnett, University of Kansas

Innehållsförteckning

1. Price indices through history; 2. The quest for international comparisons; 3. Axioms, tests, and indices; 4. Decompositions and subperiods; 5. Price indices for elementary aggregates; 6. Divisia and Montgomery indices; 7. International comparisons: transitivity and additivity.