Afriat The Price Index and its Extension

A Chapter in Economic Measurement
Erscheinungsjahr 2004
ISBN: 978-1-134-35864-9
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 456 Seiten

Reihe: Routledge Frontiers of Political Economy

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.

Autoren/Hrsg.

Afriat, Sydney N.

Fachgebiete

• Geisteswissenschaften Geschichtswissenschaft Geschichtswissenschaft Allgemein
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

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

Über Autor(innen)

S. N. Afriat currently associated with the University of Siena, Italy, has a long and distinguished record of publishing at the interface of mathematics and economics. His most recent book The Market: Equilibrium, Stability, Mythology is also published by Routledge (2003).