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- W2034124235 abstract "W E shall motivate our investigation of exact index numbers by presenting an example of application of index number theory. We consider a profit-maximizing, price-taking firm endowed with a continuously differentiable non-decreasing and concave production function F(q). Suppose we have observations on the normalized prices p (nominal prices divided by the price of output) and the quantities of the inputs q at two distinct points in time, but not the outputs. An index number formula for the unobserved output is a function of the normalized prices and the quantities of the inputs at the two points, say I(P1,P2,q1,q2), which gives a measure of the ratio of the outputs at the two points, that is," @default.
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- W2034124235 date "1979-02-01" @default.
- W2034124235 modified "2023-09-26" @default.
- W2034124235 title "On Exact Index Numbers" @default.
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- W2034124235 doi "https://doi.org/10.2307/1924833" @default.
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