On the Construction of Price Indexes

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10th IIFET Conference, July 10-14, 2000, Corvallis, Oregon, U.S.A.
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dc.contributor.editor	Johnston, Richard S.
dc.contributor.editor	Shriver, Ann L.
dc.creator	Primont, Diane F.
dc.date	2001
dc.date.accessioned	2012-10-15T18:57:52Z
dc.date.available	2012-10-15T18:57:52Z
dc.date.copyright	2001
dc.date.issued	2001
dc.identifier.citation	Primont, Diane F. On the Construction of Price Indexes. Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.	en_US
dc.identifier.uri	http://hdl.handle.net/1957/34417
dc.description.abstract	This paper discusses some important issues in constructing price indexes. The issues relate to the choice of an index number formula. Which is a “good” index number formula for aggregating prices? A variety of alternative index number formulae are explored based on the economic approach and the axiomatic (test) approach. In practice, use of the Laspeyres price index is common. For example, this is the formula used for the official US consumer price index (prior to 1999). Some of the problems that arise in adopting the Laspeyres price index are noted.	en_US
dc.description.sponsorship	International Institute of Fisheries Economics and Trade U.S. National Marine Fisheries Service MG Kailis Group	en_US
dc.language.iso	en	en_US
dc.publisher	International Institute of Fisheries Economics and Trade	en_US
dc.subject	Fisheries Economics	en_US
dc.subject	Markets and Trade	en_US
dc.subject	Price Analysis and Demand Estimation	en_US
dc.title	On the Construction of Price Indexes	en_US
dc.type	Research Paper	en_US
dc.description.peerreview	no	en_US