A nonparametric 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
Authors:	Blow, Laura ; Crawford, Ian
Publisher:	London : Institute for Fiscal Studies (IFS)

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Series:	IFS Working Papers ; W99/15
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.1920/wp.ifs.1999.9915 [DOI] 869224875 [GVK] hdl:10419/90861 [Handle] RePEc:ifs:ifsewp:99/15 [RePEc]
Classification:	C43 - Index Numbers and Aggregation ; D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10010330353