Value data and the Bennet price and quantity indicators

We derive value-based Bennet indicators, expressed in terms of revenues and expenditures (values) and relative prices, rather than prices and quantities. We then show how relative price information is recoverable from value data when agents are rational.

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Year of publication:	2009
Authors:	Cross, Robin M. ; Färe, Rolf
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 1, p. 19-21
Publisher:	Elsevier
Subject:	Bennet indicators Prices Weak axiom

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005296788