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Economic Analysis of Production Price Indexes
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  • 21 b/w illus.
  • Page extent: 242 pages
  • Size: 228 x 152 mm
  • Weight: 0.33 kg

Library of Congress

  • Dewey number: 339.2/3
  • Dewey version: 21
  • LC Classification: HB142 .F57 1998
  • LC Subject headings:
    • Input-output analysis
    • Prices

Library of Congress Record

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 (ISBN-13: 9780521556231 | ISBN-10: 0521556236)

  • There was also a Hardback of this title but it is no longer available
  • Published November 1997

Manufactured on demand: supplied direct from the printer

$44.99 (P)

This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial organization. They show the direction of bias in traditionally calculated index numbers and how biases can affect fundamental conclusions about the growth or stagnation of the economy.


Preface; 1. Introduction; 2. Principles of price and quantity measurement: ouputs; 3. Comparative statics: outputs; 4. Principles of price and quantity measurement: inputs; 5. Comparative statics: inputs; 6. Aggregation; Appendix; References.


"...this is the first study to discuss output and input price indexes with particular attention to the market setting in which such indexes are embedded. Thus, this effort by Fisher and Shell occupies a unique position in the index number literature." Daniel Primont, Southern Economic Journal

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