Index Numbers: Essays in Honour of Sten Malmquist

ISBN: 9789401060356
Publisher: Springer
Edition: Softcover reprint of the original 1st ed. 1998
Publication Date: 1997-11-30
Number of pages: 283
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DESCRIPTION

Professor Sten Malmquist constructed the Malmquist quantity index and in doing so developed a distance function defined on a consumption space. This function is the consumer analog to the Shephard input distance function of producers and is used in ratio form to define the quantity index. This volume contains new contributions based on Malmquist's work nearly 50 years ago and provides modern perspectives on the value of this research.

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