The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … maximization assumption. Two different derivations are given, one in continuous time, using Divisia integrals, and one employing …

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … maximization assumption. Two different derivations are given, one in continuous time, using Divisia integrals, and one employing …

. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the … methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts … Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction …