A nonparametric bound on substitution bias in the UK retail prices index

Laura Blow, Ian Crawford

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:	May 28, 1999
Authors:	Blow, Laura ; Crawford, Ian
Publisher:	London : Institute for Fiscal Studies
Subject:	Cost-of-living indices \| substitution bias \| revealed preference \| Verbraucherpreisindex \| Consumer price index \| Nichtparametrisches Verfahren \| Nonparametric statistics \| Offenbarte Präferenzen \| Revealed preferences \| Index \| Index number \| Theorie \| Theory \| Großbritannien \| United Kingdom

Extent:	1 Online-Ressource (circa 37 Seiten) Illustrationen
Series:	IFS working paper. - London : IFS, ZDB-ID 2171370-4. - Vol. no. W99, 15
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.1920/wp.ifs.1999.9915 [DOI] hdl:10419/90861 [Handle]
Classification:	C43 - Index Numbers and Aggregation ; D11 - Consumer Economics: Theory
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011538411