A Path-Independent Divisia-Like Index for PIGLOG Preferences.

The line integrals that define mechanical quantity indices are path independent only in unrealistic cases like homothetic preferences. D. O. Stahl (1983) described a generalized divisia index that is path independent for quasihomothetic demands. The present paper constructs an analogous divisia-like index that is path independent for PIGLOG demands. Copyright 1989 by The London School of Economics and Political Science.

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Year of publication:	1989
Authors:	Lewbel, Arthur
Published in:	Economica. - London School of Economics (LSE). - Vol. 56.1989, 221, p. 121-23
Publisher:	London School of Economics (LSE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005284290