Alternative Approaches to Measurement of Price Movements

Ranjan Ray

Chapter Chapter 3 in Household Behaviour, Prices, and Welfare, 2018, pp 35-63 from Springer

Abstract: Abstract Given the central role that prices play in both micro- and macroeconomic analyses, it is not surprising that there is a large literature on its measurement. The topic of price measurement has a long history, almost as long as applied economic analysis itself, dating back to the nineteenth century with the work of Laspeyres and Paasche in introducing price indices that measure temporal movement in prices.

Date: 2018
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DOI: 10.1007/978-981-13-1930-3_3

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