Axiomatic properties of geo-logarithmic price indexes

Marco Fattore ()

No 20071103, Working Papers from Università degli Studi di Milano-Bicocca, Dipartimento di Statistica

Abstract: The geo-logarithmic family of price indexes constitutes an interesting parametric class of index numbers for price comparison, due to the properties satisfied by its members, together with their cofactors. The family was introduced in the early ’90s, as a generalization of the Sato-Vartia price index, but a consistent study of its properties still lacks. The present paper aims at filling this gap. It contains both a review of already existing material, arranged in an original and consistent way, and a comprehensive treatment of the axiomatic properties of the geo-logarithmic family. New results are derived and some mistakes that can be found in other references are also fixed. The paper ends discussing some open issues, needing further research.

Keywords: Price index; Price comparison; Axiomatic Index Number Theory. (search for similar items in EconPapers)
JEL-codes: C43 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2007-11
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Axiomatic properties of geo-logarithmic price indices (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mis:wpaper:20071103

Access Statistics for this paper

More papers in Working Papers from Università degli Studi di Milano-Bicocca, Dipartimento di Statistica Contact information at EDIRC.
Bibliographic data for series maintained by Matteo Pelagatti ().