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Preference changes and index number theory

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0 Published in 2024 at "Journal of Economic Surveys"

DOI: 10.1111/joes.12658

Abstract: The economic approach to the cost of living index assumes that consumer preferences remain constant over time. This assumption poses little risk in calculating a short‐run intertemporal bilateral price index. The assumption, however, breaks down… read more here.

Keywords: preference changes; index number; changes index; number theory ... See more keywords