Name: Interarea Price Comparisons for Heterogeneous Goods and Several Levels of Commodity Aggregation (en Inglés)
Price: 34600.00 CLP
Availability: InStock
Author: U. S. Bureau of Labor Statistics ; Kokoski, Mary F. ; Moulton, Brent
ISBN: 9781288634163

portada Interarea Price Comparisons for Heterogeneous Goods and Several Levels of Commodity Aggregation (en Inglés)

Formato

Libro Físico

Autor

U. S. Bureau of Labor Statistics

Brent Moulton

Mary F. Kokoski

Editorial

Bibliogov

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

24.6 x 18.9 x 0.3 cm

Peso

0.13 kg.

ISBN13

9781288634163

Categorías

Política y gobierno

Interarea Price Comparisons for Heterogeneous Goods and Several Levels of Commodity Aggregation (en Inglés)

U. S. Bureau of Labor Statistics (Autor) · Brent Moulton (Autor) · Mary F. Kokoski (Autor) · Bibliogov · Tapa Blanda

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Reseña del libro "Interarea Price Comparisons for Heterogeneous Goods and Several Levels of Commodity Aggregation (en Inglés)"

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.