APPROXIMATING A COST-OF-LIVING INDEX FROM DEMAND-FUNCTIONS - A RETROSPECT

Authors
BALK BM
Citation
Bm. Balk, APPROXIMATING A COST-OF-LIVING INDEX FROM DEMAND-FUNCTIONS - A RETROSPECT, Economics letters, 49(2), 1995, pp. 147-155
Citations number
24
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
49
Issue
2
Year of publication
1995
Pages
147 - 155
Database
ISI
SICI code
0165-1765(1995)49:2<147:AACIFD>2.0.ZU;2-C
Abstract
This paper discusses several methods for approximating a cost-of-livin g index that are based on knowledge of the demand functions. Centered around a recently discovered article by Malmquist, it discusses the me an of over- and undercompensation, Frisch's Double Expenditure method, and some proposals of Vartia.