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Persistent link: https://www.econbiz.de/10001072228
The line integrals that define mechanical quantity indices are path independent only in unrealistic cases like homothetic preferences. D. O. Stahl (1983) described a generalized divisia index that is path independent for quasihomothetic demands. The present paper constructs an analogous...
Persistent link: https://www.econbiz.de/10005284290