Diewert, Erwin; Hill, Robert J. - Vancouver School of Economics - 2009
positive for i = 1,2 and p
i
⋅q ≡∑
n=1
N
p
n
i
q.
The Konüs (1924) family of true cost of living indexes pertaining to two ….e., the Konüs true cost of
living index with reference quantity vector q is defined as follows:
(2) P
K
(p
1
,
2
q) ≡ C …,
the family of true cost of living indexes collapses to a unit cost or expenditure ratio.
The second concept of a true …