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On the Construction of Price Indexes

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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

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