Keith Waehrer (2000) "A Comparison of the Substitution Effects for Input and Output Price Indexes."

The substitution effect is different for output and input indexes like the consumer price index and the producer price index respectively. The conceptual index for both output and input indexes are defined and compared. Then the conceptual indexes are compared with some common index number formulas. Some results relating to which formulas are closer to the conceptual index are reviewed.


Last Modified Date: July 19, 2008