Theory: The Two-situation Case

R. G. D. Allen

Chapter 2 in Index Numbers in Theory and Practice, 1975, pp 50-75 from Palgrave Macmillan

Abstract: Abstract The given data are sets of observations of prices and quantities for n commodities (goods and services). The data relate to specified groups (e.g. of buyers or sellers) in defined markets or geographical areas and for particular time periods. It is convenient, but not essential, to think of a specified group of consumers purchasing the goods and services and to describe the set of quantities as a budget for the group of consumers. This, at least, serves to keep the economic aspect of index numbers clearly in mind.

Keywords: Index Number; Utility Level; Real Output; Indifference Curve; Indirect Utility Function (search for similar items in EconPapers)
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02312-7_2

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DOI: 10.1007/978-1-349-02312-7_2

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