This article investigates the distributional implication of relative price movements in Australia. It proposes and applies a method of evaluating the nature and size of the inequality bias of price movements. In the process, the study introduces a new demographic demand model that yields...

The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutiny of the notion of a utility function to motivate and describe the common...

Introduction: The measurement of regional differences in consumer price levels is important to policy makers in business, government and academics as well as to individual citizens faced with decisions on where to live. Estimates of the magnitude of regional price differences are needed in...