Cart
Free Shipping in Australia
Proud to be B-Corp

Economics and the Price Index S.N. Afriat (University of Siena, Italy)

Economics and the Price Index By S.N. Afriat (University of Siena, Italy)

Economics and the Price Index by S.N. Afriat (University of Siena, Italy)


$455,39
Condition - New
Only 2 left

Summary

This book brings together a coherent discussion of fifty years of astonishingly creative work on the 'The Index Number Problem'. Co-written by the leading figure in this field, it will be of interest to all those for whom the price index problem remains a source of fascination.

Economics and the Price Index Summary

Economics and the Price Index by S.N. Afriat (University of Siena, Italy)

The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ.

For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for the endpoints. This is the chain consistency required of price indices. A usual supposition is that the index is determined by a formula involving price and quantity data for the two reference periods, always joined with the question of which one to choose, and the perplexity that chain consistency is not obtained with any. Hence finally they should all be abandoned. This situation reflects The Index Number Problem. This book brings together a coherent discussion of fifty years of astonishingly creative work on this subject.

Economics and the Price Index Reviews

"Sydney Afriat is the guru of the price index" Angus Deaton (Princeton University, USA)

"Researchers interested in price indexes, inter-area comparisons, revealed preference theory, or productivity measurement will find this book an enlightening, entertaining, and highly creative treatise on where the theory should go from here." Marshall Reinsdorf (Senior Research Economist, US Bureau of Economic Analysis)

About S.N. Afriat (University of Siena, Italy)

S. N. Afriat, resident of Siena, intermittent adjunct at the University, Mathematics and Economics, permanent Visiting Professor.

Carlo Milana, Research Director at ISAE (Istituto di Studi e Analisi Economica), Rome, a public research institution supported by the Italian Ministry of Economy and Finance.

Table of Contents

Foreword (Angus Deaton, Princeton University, USA) PART I: Concept and method 1. The Super Price Index: Irving Fisher, and after 2. The Price-Level Computation Method 3. Price Level Computation: Illustrations PART II: Precursor 1. The system of inequalities ars > xs - xr. 2. On the constructibility of consistent price indices between several periods simultaneously 3. The Theory of Exact and Superlative Index-Numbers
Revisited

Additional information

NPB9780415471817
9780415471817
0415471818
Economics and the Price Index by S.N. Afriat (University of Siena, Italy)
New
Hardback
Taylor & Francis Ltd
2008-11-26
266
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Economics and the Price Index