On the Construction of Price Indexes Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/hx11xg15s

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  • 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.
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  • 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.
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  • Johnston, Richard S.
  • Shriver, Ann L.
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  • description.provenance : Submitted by Janet Webster (janet.webster@oregonstate.edu) on 2012-10-15T18:57:52Z No. of bitstreams: 1 240.pdf: 55896 bytes, checksum: c232d4bcfc8365944c4b7167fd4712dc (MD5)
  • description.provenance : Made available in DSpace on 2012-10-15T18:57:52Z (GMT). No. of bitstreams: 1 240.pdf: 55896 bytes, checksum: c232d4bcfc8365944c4b7167fd4712dc (MD5) Previous issue date: 2001

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