The Index Number Problem: Construction Theorems free ebook download.

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The Index Number Problem: Construction Theorems free ebook download

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Mathematics

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Author(s):	Sydney Afriat

Date:	2021	Format:	pdf	Language:	English	ISBN/ASIN:	0199670587
Pages:	240	OCR:		Quality:		ISBN13:
Uploader:	risotor	Upload Date:	8/17/2022 12:47:03 AM

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0199670587 pdf
A theft amounting to L1 was a capital offence in 1260 and a judge in 1610 affirmed the law could not then be applied since L1 was no longer what it was. Such association of money with a date is well recognized for its importance in very many connections. Thus arises the need to know how to convert an amount at one date into the right amount at another date: in other words, a price index.

The longstanding question concerning how such an index should be constructed is known as 'The Index Number Problem'. The ordinary consumer price index represents a practical response to this need. However the search for a true price index has given rise to extensive thought and theory to which an impressive number of economists have each contributed a word, or volume. However, there have been hold-ups at a basic level, which are addressed in this book. The approach brings the subject into involvement with utility construction on the basis of finite data, in a form referred to as 'Afriat's Theorem' but now with utility subject to constant (and also possibly approximate) returns.
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3142020	Book	https://rapidgator.net/file/bf6f483d88d6...		0.00	risotor

Tags: Construction Index Number Problem Theorems

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