Economic Analysis of Production Price Indexes (Paperback, New)

This work on index-number construction focuses on production indexes, including output and input deflators that can be used for constructing real output and real input. Fisher and Shell treat separately the different production units: the firm, the industry, and the economy, as well as the different forms of industrial organization: monopoly, monopsony, and competition. Only in the simplest cases is the appropriate theory isomorphic to that of the cost-of-living index because of the interlinkages among the various production units. A firm cannot always assume that the behavior of its competitors, suppliers, and customers will be unaffected by price changes and only in special cases can an industry take supply and demand conditions as given.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	November 1997
First published:	1998
Authors:	Franklin M. Fisher • Karl Shell
Dimensions:	229 x 152 x 15mm (L x W x T)
Format:	Paperback - Trade
Pages:	242
Edition:	New
ISBN-13:	978-0-521-55623-1
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy
LSN:	0-521-55623-6
Barcode:	9780521556231

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