The Walsh Index and the Theory of the "Pure" Price Index

Constantin Anghelache, Alexandru Manole, Aurelian Diaconu, Mihai Gheorghe and Luminita Ciocan
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Constantin Anghelache: “Artifex” University of Bucharest
Alexandru Manole: “Artifex” University of Bucharest
Aurelian Diaconu: “Artifex” University of Bucharest
Mihai Gheorghe: National Institute of Statistics, Romania
Luminita Ciocan: Academy of Economic Studies, Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 1, 123-126

Abstract: The main reason why price statisticians might prefer a member of the family of Lowe or fixed basket price indices is that the fixed basket concept is easy to explain to the public. Note that the Laspeyres and Paasche indices are special cases of the pure price concept if we choose the reference values for quantity. The practical problem of picking this value remains to be resolved, and that is the problem that will be addressed in this section.

Keywords: price; statistics; function; index; quantity (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:60:y:2012:i:1:p:123-126

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