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Efficiency and Productivity Measurement: Index Numbers

Efficiency and Productivity Measurement: Index Numbers. D.S. Prasada Rao School of Economics The University of Queensland, Australia. Index number methods. Index numbers are used in measuring changes in a set of related variables: consumer prices; stock market prices;

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Index Numbers

Index Numbers. Contents. Definition Classification Methods of construction Unweighted Indices Weighted Indices Tests of adequacy of indices formulae Value Index number Consumer Price Index number. Definition.

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Chapter Seven

Chapter Seven. Revealed Preference. Direct Preference Revelation. Suppose that the bundle x * is chosen when the bundle y is affordable. Then the bundle x* is revealed directly as preferred to the bundle y (otherwise y would have been chosen). Direct Preference Revelation. x 2.

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Price index numbers - PowerPoint PPT Presentation

Efficiency and Productivity Measurement: Index Numbers

Index Numbers

Chapter Seven