A cost of living index incorporating a network effect
This paper constructs a cost of living index (COLI) that incorporates a network effect. While in this instance the application is to the telecommunications sector, the COLI are applicable more generally to network industries. The COLI permit valid welfare comparisons to be made by individual, region and country. Illustrative COLI estimates are provided for selected OECD member country telecommunications market data.
Volume (Year): 36 (2004)
Issue (Month): 19 ()
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- Gary S. Becker & Michael Grossman & Kevin M. Murphy, 1990.
"An Empirical Analysis of Cigarette Addiction,"
University of Chicago - George G. Stigler Center for Study of Economy and State
61, Chicago - Center for Study of Economy and State.
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