The Walsh Index and the Theory of the "Pure" Price Index

The main reason why price statisticians might prefer a member of the family of Lowe or fixed basket price indices is that the fixed basket concept is easy to explain to the public. Note that the Laspeyres and Paasche indices are special cases of the pure price concept if we choose the reference values for quantity. The practical problem of picking this value remains to be resolved, and that is the problem that will be addressed in this section.

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Year of publication:	2012
Authors:	ANGHELACHE, Constantin ; MANOLE, Alexandru ; DIACONU, Aurelian ; GHEORGHE, Mihai ; CIOCAN, Luminita
Published in:	Romanian Statistical Review Supplement. - Institutul National de Statistica şi Studii Economice (INSSE). - Vol. 60.2012, 1, p. 123-126
Publisher:	Institutul National de Statistica şi Studii Economice (INSSE)
Subject:	price \| statistics \| function \| index \| quantity

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

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