Economic Analysis of Production Price Indexes
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Economic Analysis of Production Price Indexes by Franklin M. Fisher
Book DescriptionThis 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.
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Book DetailsISBN: 9780521556231
(228mm x 152mm x 13mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Nov-1997
Country of Publication: United Kingdom
Books By Author Franklin M. Fisher
Microeconomics, Paperback (November 2005)
This book, the fourth volume of Franklin M. Fisher's collected articles, contains work in microeconomics stretching over four decades.
Disequilibrium Foundations of Equilibrium Economics, Paperback (March 1989)» View all books by Franklin M. Fisher
This 1984 book proposes a general model of economic analysis based upon disequilibrium.
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