Share

The Economic Theory of Price Indices

2014-05-10 Business & Economics
Download The Economic Theory of Price Indices PDF Online Free

Author :
Release : 2014-05-10
Genre : Business & Economics
Kind : eBook
Book Rating : 153/5 ( reviews)

GET EBOOK


Book Synopsis The Economic Theory of Price Indices by : Franklin M. Fisher

Download or read book The Economic Theory of Price Indices written by Franklin M. Fisher. This book was released on 2014-05-10. Available in PDF, EPUB and Kindle. Book excerpt: The Economic Theory of Price Indices: Two Essays on the Effects of Taste, Quality, and Technological Change is concerned with the effects of consumer taste, product quality, and technological change on price indices. Special attention is paid on technological change in the simple two-sector production model of Rybczynski and Uzawa. The effects of the general case of changing factor supplies and factor-augmenting change on the real national output deflator are also examined. Comprised of two essays, this book begins with an analysis of the pure theory of the true cost-of-living index, which may be considered as an idealization of indices like the consumer price index and others of that type. The essay explores how the true cost-of-living index is affected by changes in consumer taste, quality changes in purchased goods, and the introduction of new goods into the market place. The second essay deals with the pure theory of the national output deflator and provides a foundation for the measurement of real national output (or product). It shows that the usual inequalities relating Paasche and Laspeyres to the true index are reversed (from what they are in cost-of-living theory) for the case of production. It also assesses the implications of changing production possibilities caused by technological change or a change in factor supplies. This monograph will be a useful resource for mathematicians, economists, and others interested in economic theory and mathematical economics.

The Economic Theory of Price Indices. The Effects of Taste, Quality and Technological Change

1972
Download The Economic Theory of Price Indices. The Effects of Taste, Quality and Technological Change PDF Online Free

Author :
Release : 1972
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis The Economic Theory of Price Indices. The Effects of Taste, Quality and Technological Change by :

Download or read book The Economic Theory of Price Indices. The Effects of Taste, Quality and Technological Change written by . This book was released on 1972. Available in PDF, EPUB and Kindle. Book excerpt:

Theory of the Price Index

2012-03-01 Business & Economics
Download Theory of the Price Index PDF Online Free

Author :
Release : 2012-03-01
Genre : Business & Economics
Kind : eBook
Book Rating : 936/5 ( reviews)

GET EBOOK


Book Synopsis Theory of the Price Index by : W. Eichhorn

Download or read book Theory of the Price Index written by W. Eichhorn. This book was released on 2012-03-01. Available in PDF, EPUB and Kindle. Book excerpt: We wish to thank Georg Hasenkamp for valuable comments on an earlier draft of the manuscript and Steven Diamond for his kindness in reading the manu script and providing advice regarding the style of the exposition. We are also grateful to Miss Ingeborg Kasper for her careful typing of the manu script. Contents 1. Introduction 4 2. Price Indices Depending only on Prices 2. 1 Definition, Examples, Implications 4 2. 2 Characterizations of Pri~e Indices 15 3. Price Indices Depending on Prices and Quantities 22 3. 1 Definition, Examples 23 3. 2 Fisher's System of Tests 29 3. 3 Implications and Characterizations 35 3. 4 Independence and Inconsistency of Fisher's Tests 44 3. 5 General Solution of the Inconsistency Problem 54 4. Price Levels, Price Indices, and Fisher's Equation 59 of Exchange 4. 1 Definition, Examples, Implications 60 4. 2 Characterizations of Price Levels 64 4. 3 Fisher's Equation of Exchange Reconsidered 72 Bibliography 5. 83 6. Index 88 1. Introduction In the face of the economic, political, and social problems resul ting from world-wide inflation, theories of the price index have gained new attention. This newfound interest in price indices stems from the fact that all such indices are designed to serve as yardsticks for measuring the price behavior of goods and services. That is, all price indices relate to the concept of the 'purchasing power of money'. If prices increase, then the value of the unit of money declines, i. e.

Index Numbers in Economic Theory and Practice

2017-07-12 Business & Economics
Download Index Numbers in Economic Theory and Practice PDF Online Free

Author :
Release : 2017-07-12
Genre : Business & Economics
Kind : eBook
Book Rating : 79X/5 ( reviews)

GET EBOOK


Book Synopsis Index Numbers in Economic Theory and Practice by : R. G. D. Allen

Download or read book Index Numbers in Economic Theory and Practice written by R. G. D. Allen. This book was released on 2017-07-12. Available in PDF, EPUB and Kindle. Book excerpt: There is no book currently available that gives a comprehensive treatment of the design, construction, and use of index numbers. However, there is a pressing need for one in view of the increasing and more sophisticated employment of index numbers in the whole range of applied economics and specifically in discussions of macroeconomic policy. In this book, R. G. D. Allen meets this need in simple and consistent terms and with comprehensive coverage. The text begins with an elementary survey of the index-number problem before turning to more detailed treatments of the theory and practice of index numbers. The binary case in which one time period is compared with another is first developed and illustrated with numerous examples. This is to prepare the ground for the central part of the text on runs of index numbers. Particular attention is paid both to fixed-weighted and to chain forms as used in a wide range of published index numbers taken mainly from British official sources. This work deals with some further problems in the construction of index numbers, problems which are both troublesome and largely unresolved. These include the use of sampling techniques in index-number design and the theoretical and practical treatment of quality changes. It is also devoted to a number of detailed and specific applications of index-number techniques to problems ranging from national-income accounting, through the measurement of inequality of incomes and international comparisons of real incomes, to the use of index numbers of stock-market prices. Aimed primarily at students of economics, whatever their age and range of interests, this work will also be of use to those who handle index numbers professionally.

Industrial Price, Quantity, and Productivity Indices

2013-03-09 Business & Economics
Download Industrial Price, Quantity, and Productivity Indices PDF Online Free

Author :
Release : 2013-03-09
Genre : Business & Economics
Kind : eBook
Book Rating : 54X/5 ( reviews)

GET EBOOK


Book Synopsis Industrial Price, Quantity, and Productivity Indices by : Bert M. Balk

Download or read book Industrial Price, Quantity, and Productivity Indices written by Bert M. Balk. This book was released on 2013-03-09. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Price, Quantity, and Productivity Indices: The Micro-Economic Theory and an Application gives a comprehensive account of the micro-economic foundations of industrial price, quantity, and productivity indices. The various results available from the literature have been brought together into a consistent framework, based upon modern duality theory. This integration also made it possible to generalize several of these results. Thus, this book will be an important resource for theoretically as well as empirically-oriented researchers who seek to analyse economic problems with the help of index numbers. Although this book's emphasis is on micro-economic theory, it is also intended as a practical guide. A full chapter is therefore devoted to an empirical application. Three different approaches are pursued: a straightforward empirical approach, a non-parametric estimation approach, and a parametric estimation approach. As well as illustrating some of the more important concepts explored in this book, and showing to what extent different computational approaches lead to different outcomes for the same measures, this chapter also makes a powerful case for the use of enterprise micro-data in economic research.

You may also like...