The Money Metric Utility Frontier and Aggregate Index Numbers
نویسنده
چکیده
The paper proposes the money metric utility frontier as the basic unifying concept for an applicable theory of aggregate welfare measurement. The concept is related to conventional index numbers of aggregate real consumption and the aggregate cost-of-living, as well as to consumer surplus. Current developments and controversies, related for example to the use of chain indexes in measuring CPI and GDP, as well as other issues, are discussed in relation to fundamental theory.
منابع مشابه
Division of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 Money Metric Utilitarianism
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