Economics and the Price Index
| By: | S.N. Afriat; Carlo Milana |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9781138805330 |
| eText ISBN: | 9781134029167 |
| Edition: | 1 |
| Copyright: | 2009 |
| Format: | Page Fidelity |
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Table of Contents
The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for t