Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192217 
Year of Publication: 
1998
Series/Report no.: 
Discussion Papers No. 234
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
This paper discusses the properties of price- and Cost-of-Living indexes that follow from specific assumptions about the structure of consumer preferences. Of particular interest are indexes for elementary aggregates. In the first part of the paper we show how particular indexes for elementary aggregates emerge from a micro model with heterogeneous consumers and unobservable choice sets of product variants. Subsequently, we demonstrate that these indexes also follow from a particular preference structure of a representative consumer. Indexes that are currently used in many countries emerge as special cases of the ones proposed in this paper.
Subjects: 
Elementary aggregates
Price indexes
Cost-of-Living indexes
Price aggregation
JEL: 
C43
Document Type: 
Working Paper

Files in This Item:
File
Size
355.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.