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The Price Index and its Extension Sydney N. Afriat (University of Siena, Italy)

The Price Index and its Extension By Sydney N. Afriat (University of Siena, Italy)

The Price Index and its Extension by Sydney N. Afriat (University of Siena, Italy)


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The Price Index and its Extension Summary

The Price Index and its Extension: A Chapter in Economic Measurement by Sydney N. Afriat (University of Siena, Italy)

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.

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

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).

Table of Contents

Part I: Paasche, Laspeyres and FisherIntroduction - Theory and Practice1. Comparisons2. Fleetwood's student3. What is a price index?I - Three Problems1. The 'Index Number Problem'2. Formulae and tests3. Utility-cost4. Cost efficiency and effectiveness5. The price index6. ProblemsII - The General Probem of Limits1. Consistency of demands2. Revealed choice and preference3. Preference-nonpreference contradiction4. Cost-efficiency and nonsatiation5. Critical costs6. Revealed bounds and classical limitsIII - The Homogeneous Problem - Laspeyres and Paasche1. Conical utility and expansion loci2. Homogeneous consistency3. Revealed homogeneous preference4. Range of the price index5. Revealed bounds6. Classical limitsIV - Fisher and quadratics1. Byushgens on Fisher2. Question about Byushgens3. Gradients and quadratics4. Conditions for compatibility5. Theorem on quadratic consistencyPart II - The Cost of LivingI - Price and quantity levels1. Price-quantity duality2. Dual function examples3. Price and quantity levels4. Limits of IndeterminacyII - The True Index1. The cost of living2. The price index3. Formulae, and Fisher's Tests4. The Paasche-Laspeyres interval5. Existence test6. Theory and practice7. Many periods8. Price levels9. Fisher's formulaIII - Fisher and Byushgens1. Byushgens' theorem2. The existence question3. Purchasing power correspondence4. Many-period generalizationIV - The Four Point Formula1. Median multipliers and levels2. Centre locus3. Linear purchasing power4. Critical locations5. Elliptical caseV - Wald's "New Formula"1. Linear expansions2. Revealed purchasing power3. The critical points4. Marginal price indices, and limits

Additional information

NLS9780415652643
9780415652643
0415652642
The Price Index and its Extension: A Chapter in Economic Measurement by Sydney N. Afriat (University of Siena, Italy)
New
Paperback
Taylor & Francis Ltd
2012-10-01
456
N/A
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