Economic Analysis of Production Price Indexes

Fisher, Franklin M.; Shell, Karl

ISBN 10: 0521556236 ISBN 13: 9780521556231

Published by Cambridge University Press, Cambridge, 1998

Language: English

Condition: Used - Very good Soft cover

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Paperback, 1st edition, very good condition. Very minor scuffs to edges. Clean and unmarked throughout. AD.

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Bibliographic Details

Title

Economic Analysis of Production Price Indexes

Publisher

Cambridge University Press, Cambridge

Publication Date

1998

Language

English

ISBN 10

0521556236

ISBN 13

9780521556231

Binding

Paperback

Edition

First Edition.

Condition

Very Good

Book Type

Used

Seller catalogs

Economics

About this title

Synopsis

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.

Review

'Fisher and Shell have provided the economics profession with an interesting, thought-provoking book on a number of important measurement issues.' Journal of Economics

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