{"title":"偏好变化和指数理论","authors":"Thu Huyen Le, Kam Yu","doi":"10.1111/joes.12658","DOIUrl":null,"url":null,"abstract":"The economic approach to the cost of living index assumes that consumer preferences remain constant over time. This assumption poses little risk in calculating a short‐run intertemporal bilateral price index. The assumption, however, breaks down in the case of a fixed‐based time series index spanning a long period and in the context of international comparison. The economic analysis of preference changes, however, is not well‐established. In this paper, we review the economic approach in index numbers under preference changes. Suggestions are made on how to approach the problem and their implications for the measurement of price and quantity indices.","PeriodicalId":51374,"journal":{"name":"Journal of Economic Surveys","volume":"32 1","pages":""},"PeriodicalIF":5.9000,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Preference changes and index number theory\",\"authors\":\"Thu Huyen Le, Kam Yu\",\"doi\":\"10.1111/joes.12658\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The economic approach to the cost of living index assumes that consumer preferences remain constant over time. This assumption poses little risk in calculating a short‐run intertemporal bilateral price index. The assumption, however, breaks down in the case of a fixed‐based time series index spanning a long period and in the context of international comparison. The economic analysis of preference changes, however, is not well‐established. In this paper, we review the economic approach in index numbers under preference changes. Suggestions are made on how to approach the problem and their implications for the measurement of price and quantity indices.\",\"PeriodicalId\":51374,\"journal\":{\"name\":\"Journal of Economic Surveys\",\"volume\":\"32 1\",\"pages\":\"\"},\"PeriodicalIF\":5.9000,\"publicationDate\":\"2024-08-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economic Surveys\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1111/joes.12658\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Surveys","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/joes.12658","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
The economic approach to the cost of living index assumes that consumer preferences remain constant over time. This assumption poses little risk in calculating a short‐run intertemporal bilateral price index. The assumption, however, breaks down in the case of a fixed‐based time series index spanning a long period and in the context of international comparison. The economic analysis of preference changes, however, is not well‐established. In this paper, we review the economic approach in index numbers under preference changes. Suggestions are made on how to approach the problem and their implications for the measurement of price and quantity indices.
期刊介绍:
As economics becomes increasingly specialized, communication amongst economists becomes even more important. The Journal of Economic Surveys seeks to improve the communication of new ideas. It provides a means by which economists can keep abreast of recent developments beyond their immediate specialization. Areas covered include: - economics - econometrics - economic history - business economics