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The geo-logarithmic family of price indexes constitutes an interesting parametric class of index numbers for price comparison, due to the properties satisfied by its members, together with their cofactors. The family was introduced in the early ’90s, as a generalization of the Sato-Vartia...
Persistent link: https://www.econbiz.de/10005260571
This paper presents the geo-logarithmic family of price indexes and gives a new characterization of the Sato-Vartia index, showing that it is the only geo-logarithmic formula being factor reversible.
Persistent link: https://www.econbiz.de/10005839114
In this paper we adopt Group Theory to investigate the symmetry and invariance properties of price index numbers. An alternative treatment is given to the study of the reversibilty axioms, that clarifies their meaning and allows for a conceptual unification of this topic, within the framework of...
Persistent link: https://www.econbiz.de/10005800559
In recent years, it has become evident that pure monetary measures cannot represent the poverty phenomenon faithfully. Poverty involves many different aspects of life that can be hardly condensed in a single monetary indicator. People can be poor in different ways, at different degrees and from...
Persistent link: https://www.econbiz.de/10005800563