A note on commodity price aggregation bias without separability
This study identifies sources of price aggregation bias when separability restrictions do not apply. It shows that even though the assumption of the generalized composite commodity theorem guarantees aggregate integrability, it does not guarantee consistent price aggregation except in the homothetic...
- Autores:
-
Sarmiento, Camilo
Just, Richard E.
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2006
- Institución:
- Escuela Colombiana de Ingeniería Julio Garavito
- Repositorio:
- Repositorio Institucional ECI
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.escuelaing.edu.co:001/2849
- Acceso en línea:
- https://repositorio.escuelaing.edu.co/handle/001/2849
https://repositorio.escuelaing.edu.co/
- Palabra clave:
- Control de precios
Materias primas
Sesgo de agregación
Ingeniería económica
Controlled of marketing
Raw Materials
Aggregation bias
Economic engineering
- Rights
- closedAccess
- License
- http://purl.org/coar/access_right/c_14cb
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A note on commodity price aggregation bias without separability |
| title |
A note on commodity price aggregation bias without separability |
| spellingShingle |
A note on commodity price aggregation bias without separability Control de precios Materias primas Sesgo de agregación Ingeniería económica Controlled of marketing Raw Materials Aggregation bias Economic engineering |
| title_short |
A note on commodity price aggregation bias without separability |
| title_full |
A note on commodity price aggregation bias without separability |
| title_fullStr |
A note on commodity price aggregation bias without separability |
| title_full_unstemmed |
A note on commodity price aggregation bias without separability |
| title_sort |
A note on commodity price aggregation bias without separability |
| dc.creator.fl_str_mv |
Sarmiento, Camilo Just, Richard E. |
| dc.contributor.author.none.fl_str_mv |
Sarmiento, Camilo Just, Richard E. |
| dc.contributor.researchgroup.spa.fl_str_mv |
Centro de estudios Económicos |
| dc.subject.armarc.none.fl_str_mv |
Control de precios Materias primas Sesgo de agregación Ingeniería económica Controlled of marketing Raw Materials Aggregation bias Economic engineering |
| topic |
Control de precios Materias primas Sesgo de agregación Ingeniería económica Controlled of marketing Raw Materials Aggregation bias Economic engineering |
| description |
This study identifies sources of price aggregation bias when separability restrictions do not apply. It shows that even though the assumption of the generalized composite commodity theorem guarantees aggregate integrability, it does not guarantee consistent price aggregation except in the homothetic translog model. |
| publishDate |
2006 |
| dc.date.issued.none.fl_str_mv |
2006 |
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2024-02-15T17:49:11Z |
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2024-02-15T17:49:11Z |
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Artículo de revista |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_6501 |
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Text |
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info:eu-repo/semantics/article |
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http://purl.org/coar/resource_type/c_6501 |
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1350–4851 |
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https://repositorio.escuelaing.edu.co/handle/001/2849 |
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1466–4291 |
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Universidad Escuela Colombiana de Ingeniería Julio Garavito |
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Repositorio Digital |
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https://repositorio.escuelaing.edu.co/ |
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1350–4851 1466–4291 Universidad Escuela Colombiana de Ingeniería Julio Garavito Repositorio Digital |
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https://repositorio.escuelaing.edu.co/handle/001/2849 https://repositorio.escuelaing.edu.co/ |
| dc.language.iso.spa.fl_str_mv |
eng |
| language |
eng |
| dc.relation.citationedition.spa.fl_str_mv |
Vol. 13 No. 6 de 2006 |
| dc.relation.citationendpage.spa.fl_str_mv |
368 |
| dc.relation.citationissue.spa.fl_str_mv |
6 |
| dc.relation.citationstartpage.spa.fl_str_mv |
365 |
| dc.relation.citationvolume.spa.fl_str_mv |
13 |
| dc.relation.ispartofjournal.eng.fl_str_mv |
Applied Economics Letters |
| dc.relation.references.spa.fl_str_mv |
Davis, G. C. (2003) The generalized composite commodity theorem: stronger support in the presence of data limitations, Review of Economics and Statistics, 85, 476–80. Deaton, A. S. and Muellbauer, J. (1980) An almost ideal demand system, American Economic Review, 70, 312–26. Hamilton, J. D. (1994) Time Series Analysis, Princeton University Press, Princeton, NJ. Hicks, J. R. (1936) The Value of Capital, Oxford University Press, Oxford. Leontief, W. (1936) Composite commodities and index numbers, Econometrica, 4, 39–59. Lewbel, A. (1996) Aggregation without separability: a generalized composite commodity theorem, American Economic Review, 86, 524–43 Silberberg, E. (1990) The Structure of Economics: A Mathematical Analysis, 2nd edn, McGraw-Hill, New York. Simon, C. and Blume, L. (1994) Mathematics for Economists, W. W. Norton & Company, New York. |
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http://purl.org/coar/access_right/c_14cb |
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closedAccess |
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4 páginas |
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application/pdf |
| dc.publisher.spa.fl_str_mv |
Taylor and Francis Group |
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Estados Unidos |
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https://www.tandfonline.com/ |
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Escuela Colombiana de Ingeniería Julio Garavito |
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Sarmiento, Camiloa48a67bcfacaaa8d4773d8fd3f6d85acJust, Richard E.20d37416091cc40fe77073a145416981Centro de estudios Económicos2024-02-15T17:49:11Z2024-02-15T17:49:11Z20061350–4851https://repositorio.escuelaing.edu.co/handle/001/28491466–4291Universidad Escuela Colombiana de Ingeniería Julio GaravitoRepositorio Digitalhttps://repositorio.escuelaing.edu.co/This study identifies sources of price aggregation bias when separability restrictions do not apply. It shows that even though the assumption of the generalized composite commodity theorem guarantees aggregate integrability, it does not guarantee consistent price aggregation except in the homothetic translog model.Este estudio identifica fuentes de sesgo de agregación de precios cuando no se aplican restricciones de separabilidad. Muestra que aunque el supuesto del teorema generalizado del producto compuesto garantiza la integrabilidad agregada, no garantiza una agregación de precios consistente excepto en el modelo translog homotético.4 páginasapplication/pdfengTaylor and Francis GroupEstados Unidoshttps://www.tandfonline.com/A note on commodity price aggregation bias without separabilityArtículo de revistainfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a85Vol. 13 No. 6 de 2006368636513Applied Economics LettersDavis, G. C. (2003) The generalized composite commodity theorem: stronger support in the presence of data limitations, Review of Economics and Statistics, 85, 476–80.Deaton, A. S. and Muellbauer, J. (1980) An almost ideal demand system, American Economic Review, 70, 312–26.Hamilton, J. D. (1994) Time Series Analysis, Princeton University Press, Princeton, NJ.Hicks, J. R. (1936) The Value of Capital, Oxford University Press, Oxford.Leontief, W. (1936) Composite commodities and index numbers, Econometrica, 4, 39–59.Lewbel, A. (1996) Aggregation without separability: a generalized composite commodity theorem, American Economic Review, 86, 524–43Silberberg, E. (1990) The Structure of Economics: A Mathematical Analysis, 2nd edn, McGraw-Hill, New York.Simon, C. and Blume, L. (1994) Mathematics for Economists, W. W. Norton & Company, New York.info:eu-repo/semantics/closedAccesshttp://purl.org/coar/access_right/c_14cbControl de preciosMaterias primasSesgo de agregaciónIngeniería económicaControlled of marketingRaw MaterialsAggregation biasEconomic engineeringTEXTA note on commodity price aggregation bias without separability.pdf.txtA note on commodity price aggregation bias without separability.pdf.txtExtracted texttext/plain16083https://repositorio.escuelaing.edu.co/bitstream/001/2849/4/A%20note%20on%20commodity%20price%20aggregation%20bias%20without%20separability.pdf.txtaa672c78306245b23a8e403d7e4dcc29MD54open accessTHUMBNAILPortada A note on commodity price aggregation bias without separability.JPGPortada A note on commodity price aggregation bias without separability.JPGimage/jpeg62555https://repositorio.escuelaing.edu.co/bitstream/001/2849/3/Portada%20A%20note%20on%20commodity%20price%20aggregation%20bias%20without%20separability.JPG3df0383ee65899602a5b6b75f41daa77MD53open accessA note on commodity price aggregation bias without separability.pdf.jpgA note on commodity price aggregation bias without separability.pdf.jpgGenerated Thumbnailimage/jpeg8297https://repositorio.escuelaing.edu.co/bitstream/001/2849/5/A%20note%20on%20commodity%20price%20aggregation%20bias%20without%20separability.pdf.jpgd8a703abfc03d5d13466b50e62f93864MD55metadata only accessLICENSElicense.txtlicense.txttext/plain; charset=utf-81881https://repositorio.escuelaing.edu.co/bitstream/001/2849/2/license.txt5a7ca94c2e5326ee169f979d71d0f06eMD52open accessORIGINALA note on commodity price aggregation bias without separability.pdfA note on commodity price aggregation bias without separability.pdfapplication/pdf204251https://repositorio.escuelaing.edu.co/bitstream/001/2849/1/A%20note%20on%20commodity%20price%20aggregation%20bias%20without%20separability.pdf32ba4b9e5ccc93cfa215b64ec1bf0e44MD51metadata only access001/2849oai:repositorio.escuelaing.edu.co:001/28492024-07-28 03:01:46.943metadata only accessRepositorio Escuela Colombiana de Ingeniería Julio Garavitorepositorio.eci@escuelaing.edu.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 |