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Economic Analysis of Production Price Indexes

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Author Info

  • Fisher,Franklin M.
  • Shell,Karl

Abstract

This long-awaited work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input. Fisher and Shell treat separately the different production units: the firm, the industry, and the economy, as well as the different forms of industrial organization: monopoly, monopsony, and competition. Only in the simplest cases is the appropriate theory isomorphic to that of the cost-of-living index because of the interlinkages among the various production units. A firm cannot always assume that the behavior of its competitors, suppliers, and customers will be unaffected by price changes and only in special cases can an industry take supply and demand conditions as given.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521556231 and published in 1998.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521556231
Handle: RePEc:cup:cbooks:9780521556231

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Web page: http://www.cambridge.org

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Cited by:
  1. Joao Ejarque & Stephen McKnight, 2006. "Can we identify the relative price between consumption and investment?," Economics Discussion Papers 615, University of Essex, Department of Economics.
  2. Zofío, José Luis & Condeço-Melhorado, Ana M. & Maroto-Sánchez, Andrés & Gutiérrez, Javier, 2011. "Decomposing generalized transport costs using index numbers: A geographical analysis of economic and infrastructure fundamentals," Working Papers in Economic Theory 2011/06, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
  3. Goppelsroeder, M. & Schinkel, M.P. & Tuinstra, J., 2006. "Quantifying the Scope for Efficiency Defense in Merger Control: The Werden-Froeb-Index," CeNDEF Working Papers 06-09, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
  4. Dumagan, Jesus C., 2011. "Implementing Weights for Additivity of Chained Volume Measures in the National Accounts," Discussion Papers DP 2011-09, Philippine Institute for Development Studies.

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