A non-parametric bound on substitution bias in the UK retail prices index

This paper uses revealed preference restrictions and nonparametric statistical methods to bound true cost-of-living indices. These are compared to the popular price indices including the type used to calculated the UK RPI. This is used to assess the method of calculating the RPI for substitution bias.

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Year of publication:	1999-05
Authors:	Blow, Laura ; Crawford, Ian
Institutions:	Institute for Fiscal Studies (IFS)

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Extent:	application/pdf
Series:	IFS Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number W99/15 36 pages longpp.
Classification:	C43 - Index Numbers and Aggregation ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005509505