On the factorial approach providing the true index of cost of living: an interpretation of a special pair of equations |
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| Authors: | K.S. Banerjee |
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| Affiliation: | University of Delaware , Newark, DE 19711 |
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| Abstract: | This note presents an interpretation of a special pair of the six equations which were derived in the context of providing the true index of cost of living through what has been called “the factorial approache”[See Banerjee (1961a,b) and Banerjee (1975).] |
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| Keywords: | Laspeyres' index Paasche's index demand dominated market |
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