The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

Researchers constructing index number frequently face the problem of new (or disappearing) goods, for which the price … and quantity are not available in some periods. In theory, the correct way to handle a new good is to treat its price … that the corresponding price index takes on a very sensible form. We apply this formula to measure the price index for six …

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

Researchers constructing index number frequently face the problem of new (or disappearing) goods, for which the price … and quantity are not available in some periods. In theory, the correct way to handle a new good is to treat its price … that the corresponding price index takes on a very sensible form. We apply this formula to measure the price index for six …