Abstract
This paper provides a graphical explanation of Willig's condition for developing consistent price indexes for quality change. The framework also describes how the single crossing condition generalizes the Willig condition.
Original language | English (US) |
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Pages (from-to) | 43-48 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 94 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2007 |
Keywords
- Price indexes
- Quality adjustment
- Weak complementarity
- Willig condition
ASJC Scopus subject areas
- Finance
- Economics and Econometrics