Economic Analysis of Production Price Indexes
Book Details
Format
Paperback / Softback
ISBN-10
0521556236
ISBN-13
9780521556231
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 13th, 1997
Print length
242 Pages
Weight
338 grams
Dimensions
23.10 x 15.80 x 1.40 cms
Ksh 7,550.00
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This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input.
This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input. Fisher and Shell treat separately the different production units: the firm, the industry, and the economy, as well as the different forms of industrial organization: monopoly, monopsony, and competition. Only in the simplest cases is the appropriate theory isomorphic to that of the cost-of-living index because of the interlinkages among the various production units. A firm cannot always assume that the behavior of its competitors, suppliers, and customers will be unaffected by price changes and only in special cases can an industry take supply and demand conditions as given.
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