Interarea Price Comparisons for Heterogeneous Goods and Several Levels of Commodity Aggregation - Couverture souple

Kokoski, Mary F; Moulton, Brent

Couverture souple

ISBN 10 : 1288634161 ISBN 13 : 9781288634163

Editeur : BiblioBazaar, LLC, 2013

Synopsis

We derive a general form of Törnqvist multilateral (transitive) place to place index numbers and a new variant of regression methodology for imposing transitivity while minimally adjusting the initial system of bilateral index comparisons. We show that when several levels of item aggregation are to be published in a system of Törnqvist interarea parities, the adjusted, transitive Törnqvist parities at each level of aggregation preserve the aggregation rule in the unadjusted data. Finally, the method incorporates characteristics-based, hedonic quality adjustment as an integral feature. We apply the method to a subset of commodity price and expenditure data for the 44 areas of the United States covered by the Consumer Price Index. In closing, we also discuss an application of the method that makes time series and geographical comparisons consistent with one another, and note that it permits decentralization of calculation in a way that may have distinct advantages for compiling international price comparisons.

Détails de l'édition

• Éditeur: BiblioBazaar, LLC
• Date d'édition: 2013
• Langue: anglais
• ISBN 10: 1288634161
• ISBN 13: 9781288634163
• Reliure: Broché
• Nombre de pages: 64
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible