Price And Quantity Index Numbers: Models For Measuring Aggregate Change And Difference

Bert M. Balk,

ISBN 10: 0521889073 / ISBN 13: 9780521889070

Published by Cambridge University Press, 2008

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Bibliographic Details

• Title: Price And Quantity Index Numbers: Models For Measuring Aggregate Change And Difference
• Publisher: Cambridge University Press
• Publication Date: 2008
• Language: English
• ISBN 10: 0521889073
• ISBN 13: 9780521889070
• Binding: Hardcover
• Condition: Brand New

About this title

Synopsis

Price and quantity indices are important, much-used measuring instruments, and it is therefore necessary to have a good understanding of their properties. This book is the first comprehensive text on index number theory since Irving Fisher’s 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach. There is no role for behavioral assumptions. In addition to subject matter chapters, two entire chapters are devoted to the rich history of the subject.

About the Author

Bert M. Balk is Professor of Economic Measurement and Economic-Statistical Research at the Rotterdam School of Management, Erasmus University, and Senior Researcher at Statistics Netherlands.