Some Observations on the Index Number Problem

Posted: 30 Aug 2012

Date Written: July 1, 1963


A Laspeyres index of total input in the electric power industry was constructed. The nature of the bias imbedded in such an index, and its relation to the Paasche index and its bias, are investigated. Means to evaluate the actual size of the bias and means to reduce it are devised.

Suggested Citation

Barzel, Yoram, Some Observations on the Index Number Problem (July 1, 1963). Econometrica, Vol. 31, No. 3, 1963, Available at SSRN:

Yoram Barzel (Contact Author)

University of Washington ( email )

Box 353330
Seattle, WA 98195-3330
United States
206-543-2510 (Phone)
206-685-7477 (Fax)

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