Arbeitspapier
The elasticity of substitution of superlative price indices
The paper presents a method for computing the curvature implicit in the use of superlative price indices. It extends the quadratic lemma and allows us to compute the elasticity of substitution of the underlying preferences in the direction of the observed price change for the Törnqvist and the quadratic mean of order r indices. It derives the expressions for the directional shadow elasticity of substitution and applies the results to the Norwegian CPI data base.
- Language
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Englisch
- Bibliographic citation
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Series: Discussion Papers ; No. 407
- Classification
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Wirtschaft
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Empirical Analysis
- Subject
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elasticity of substitution
superlative index
consumer price index (CPI).
- Event
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Geistige Schöpfung
- (who)
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Frenger, Petter
- Event
-
Veröffentlichung
- (who)
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Statistics Norway, Research Department
- (where)
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Oslo
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Frenger, Petter
- Statistics Norway, Research Department
Time of origin
- 2005
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