Comment on Different Approaches to Index Number Theory
AbstractVan 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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Bibliographic InfoPaper provided by Vancouver School of Economics in its series Economics working papers with number erwin_diewert-2009-5.
Length: 18 pages
Date of creation: 21 Jan 2009
Date of revision: 21 Jan 2009
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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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