Starzec, Christophe; Gardes, François - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
The presence of rationing or more generally of the situations of constrained demand can make the traditional methods of measuring inflation questionable and give an erroneous image of the reality. In this paper, we use the virtual price approach (Neary, Roberts, 1980) to estimate the real...