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) method to be biased. In cases where it is not, this index number method is still inefficient and inference is invalid. In … NLCPD method to regional price information derived from Germany’s consumer price index micro data. Price levels of the 401 …
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This paper presents a revealed preference method for calculating a lower bound on the virtual or reservation price of a new good and suggests a way to improve these bounds by using budget expansion paths. This allows the calculation of cost-of-living and price indices when the number of goods...
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