| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w5104
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| 来源ID | Working Paper 5104
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| Axiomatic and Economic Approaches to Elementary Price Indexes |
| W. Erwin Diewert
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| 发表日期 | 1995-05-01
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| 出版年 | 1995
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| 语种 | 英语
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| 摘要 | In a 1993 paper, Marshall Reinsdorf finds that the CPI components for food and gas were biased upward by about 2% and 1% per year respectively during the 1980s. He attributes this result to outlet substitution bias. The more recent paper by Reinsdorf and Moulton [1994] presents an alternative explanation for Reinsdorf's earlier results: when the BLS moved to probability sampling of prices in 1978, the micro price quotations were aggregated together using an index number formula that generates an upward bias. This paper further explores the central theoretical issue raised by the Reinsdorf-Moulton paper: the choice of an index number formula to aggregate prices at the finest level of disaggregation. This issue is examined from both axiomatic and economic perspectives. This paper also reviews the empirical literature on alternative elementary price indexes, and the recent literature on sources of bias in consumer price indexes. The findings of this paper in conjunction with the empirical work of Reinsdorf and Moulton yield a number of recommendations for Statistical Agencies which are outlined in the final section. |
| 主题 | Econometrics
; Estimation Methods
; Data Collection
|
| URL | https://www.nber.org/papers/w5104
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562540
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推荐引用方式
GB/T 7714 |
W. Erwin Diewert. Axiomatic and Economic Approaches to Elementary Price Indexes. 1995.
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文件名：
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w5104.pdf
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格式：
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Adobe PDF
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