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Comment on Different Approaches to Index Number Theory

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Author Info
Diewert, Erwin
Hill, Robert J.

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Abstract

Van Veelen and van der Weide (2008) in a recent paper provided some interesting new perspectives on the index number problem. However, the present paper argues that their definitions of a true index and an exact index are different from the standard definitions in the literature. The differences between the various approaches is explained in the present paper.

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File URL: http://www.econ.ubc.ca/diewert/dp0905.pdf
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Publisher Info
Paper provided by UBC Department of Economics in its series UBC Departmental Archives with number erwin_diewert-2009-5.

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Length: 18 pages
Date of creation: 21 Jan 2009
Date of revision: 21 Jan 2009
Handle: RePEc:ubc:bricol:erwin_diewert-2009-5

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Related research
Keywords: Exact index numbers; true index numbers; multilateral indexes; the Fisher ideal index; cost of living indexes; the measurement of welfare change; dual;

Find related papers by JEL classification:
C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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This page was last updated on 2009-11-27.

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