An Experimental Comparison between Fixed Weight and Linear Programming Food Price Indexes
作者:
JosephL. Balintfy,
John Neter,
William Wasserman,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1970)
卷期:
Volume 65,
issue 329
页码: 49-60
ISSN:0162-1459
年代: 1970
DOI:10.1080/01621459.1970.10481061
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
A linear programming food price index permits the possibility of routine substitutions in response to price changes, while a fixed weight index does not. This paper cites a variety of evidence indicating that consumers do trade off among foods in response to both long-term and seasonal price changes. Implications of this for food price indexes are discussed. A linear programming food price index is then developed, based on an empirical menu-planning model, and compared with corresponding fixed weight price indexes over a nine-month period. The linear programming index shows a significantly smaller increase in food prices over the nine-month period than the fixed weight index with initial period weights.
点击下载:
PDF (754KB)
返 回