Comment on Different Approaches to Index Number Theory

Walter Erwin Diewert () and Robert J. Hill ()

UBC Departmental Archives from UBC Department of Economics

Abstract: Van Veelen and van der Weide (2008) in a recent paper provided some interesting new perspectives on the index number problem. However, the present paper argues that their definitions of a true index and an exact index are different from the standard definitions in the literature. The differences between the various approaches is explained in the present paper.

Keywords: Exact index numbers; true index numbers; multilateral indexes; the Fisher ideal index; cost of living indexes; the measurement of welfare change; dual (search for similar items in EconPapers)
JEL-codes: C43 D11 D12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba
Date: 2009-01-21, Revised 2009-01-21

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Persistent link: http://EconPapers.repec.org/RePEc:ubc:bricol:erwin_diewert-2009-5

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