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A nonparametric bound on substitution bias in the UK Retail Prices Index (1999)  (Make Corrections)  
Laura Blow, Ian Crawford



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Abstract: This paper uses revealed preference restrictions and nonparametric statistical methods to bound true cost-of-living indices. These are compared to the popular price indices including the type used to calculated the UK RPI. This is used to assess the method of calculating the RPI for substitution bias. Key Words: Cost-of-living indices, substitution bias, revealed preference. JEL Classi...cation: C43, D11. Acknowledgements: We are very grateful to Richard Blundell and Martin Browning for ... (Update)

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BibTeX entry:   (Update)

@misc{ blow-nonparametric,
  author = "Laura Blow and Ian Crawford",
  title = "A nonparametric bound on substitution bias in the UK Retail Prices Index",
  url = "citeseer.ist.psu.edu/blow99nonparametric.html" }
Citations (may not include all citations):
9   The Nonparametric Approach to Demand Analysis (context) - Varian - 1982
9   Root n-consistent Semiparametric Regression (context) - Robinson - 1988
9   Economics and Consumer Behaviour (context) - Deaton, Muellbauer - 1980
8   Exact and Superlative Index Numbers (context) - Diewert - 1976
3   The Purchasing Power of Money (context) - Fisher - 1911
3   Quadratic Engel Curves, Indirect Tax Reform and Welfare Meas.. (context) - Banks, Blundell et al. - 1994
2   The Price Index (context) - Afriat - 1977
2   The Problem of the True Index of the Cost of Living (context) - Kons - 1924
2   Nonparametric Tests of Consumer Behaviour (context) - Varian - 1983
2   Nonparametric Engel curves and revealed preference - Blundell, Browning
2   A Note on the Theory of Price Index Numbers (context) - Lerner - 1935
2   The Theory of the Cost of Living Index (context) - Pollak - 1971
2   The Economic Theory of Index Numbers (context) - Diewert - 1981
1   The Retail Prices Index (context) - Baxter
1   Substitution bias in the Laspeyres Price index: An Analysis .. (context) - Braithwait - 1980

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