The Super Price Index: Irving Fisher, and after

Sydney Afriat () and Carlo Milana

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: It is submitted that, for the very large number of different traditional type formulae to determine price indices associated with a pair of periods, which are joined with the longstanding question of which one to choose, they should all be abandoned. A method is proposed whereby price levels associated periods are first all computed together, subject to a consistency of the data, and then price indices that are all true are determined from their ratios. An approximation method can apply in the case of inconsistency.

JEL-codes: C43 E31 (search for similar items in EconPapers)
Date: 2007-01
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:492

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