The Price Index and Its Extension: A Chapter in Economic Measurement

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Oktober 2012



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.


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


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).
EAN: 9780415652643
ISBN: 0415652642
Untertitel: 'Routledge Frontiers of Politic'. Sprache: Englisch.
Erscheinungsdatum: Oktober 2012
Seitenanzahl: 458 Seiten
Format: kartoniert
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