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Essays in Index Number Theory : Contributions to Economic Analysis - Walter E. Diewert

Essays in Index Number Theory

Contributions to Economic Analysis

By: Walter E. Diewert (Editor), A.O. Nakamura (Editor)

Hardcover Published: 17th March 1993
ISBN: 9780444874719
Number Of Pages: 564

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This volume and a subsequent one, contain several new papers on index number and aggregation theory, as well as some previously published papers, by W.E. Diewert and co-authors. The two volumes study aggregation problems in economics, primarily the aggregation over goods problem. However, some of the chapters also touch on aspects of the aggregation over agents problem. In the present volume, the reader can find, according to his/her requirements, either a short course on index number theory; a more in-depth course; or chapters on specific topics such as the measurement of inequality, functional forms for social welfare functions, or the theory of choice under uncertainty. Students and researchers will appreciate having these papers easily accessible. The book will be valuable too for those in the government agencies around the world that produce price statistics, insuring an understanding of important properties of alternative indexes, and of how economists use and interpret price indexes.

Industry Reviews

R.A. Pollak, University of Washington and University of Pennsylvania The papers in this volume provide a lucid synthesis of the history and the current state of index number and aggregation theory by a leading theorist. A.S. Deaton, Princeton University ...provides a comprehensive encyclopaedia of the economics of index numbers by the master of the subject,...an indispensable source and guide book for all those interested in this fascinating subject. P.A. Samuelson in Foundations of Economic Analysis about chapter 8 Thirty-five years after...there has been but one major advance of index number theory namely W.E. Diewert's formalizing concept of a "superlative index number." J.E. Triplett, U.S. Bureau of Economic Analysis These clearly written and carefullly worked out papers will raise the level of professional discourse on the empirical data that economists use in the practice of their profession. Diewert is perhaps the foremost contributor to measurement economics of the past two decades.

Overview of Volume Ip. 1
The Early History of Price Index Researchp. 33
Konus, Alexander Alexandrovichp. 67
Laspeyres, Ernst Louis Etiennep. 69
Surveys and Basic Methods
Index Numbersp. 71
Duality Approaches to Microeconomic Theoryp. 105
The Economic Theory of Index Numbers: A Surveyp. 177
Superlative Index Numbers
Exact and Superlative Index Numbersp. 223
Superlative Index Numbers and Consistency in Aggregationp. 253
Direct Versus Implicit Superlative Index Number Formulaep. 275
The Axiomatic Approach to Index Number Theory
Group Cost of Living Indexes: Approximations and Axiomaticsp. 287
Test Approaches to International Comparisonsp. 305
Fisher Ideal Output, Input and Productivity Indexes Revisitedp. 317
Symmetric Means and Choice under Uncertaintyp. 355
Aggregation Using Price Proportionality
Hicks' Aggregation Theorem and the Existence of a Real Value Added Functionp. 435
A Note on Aggregation and Elasticities of Substitutionp. 471
Consolidated References for Volume Ip. 481
Name Indexp. 523
Subject Indexp. 531
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780444874719
ISBN-10: 0444874712
Series: Contributions to Economic Analysis : Book 1
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 564
Published: 17th March 1993
Publisher: Emerald Publishing Limited
Country of Publication: GB
Dimensions (cm): 24.13 x 16.51  x 3.18
Weight (kg): 1.0
Edition Type: Abridged