Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Publications> Econometrica>Second Thoughts on Wald's Cost-of-Living Index and Frisch's Double Expenditure Method

Econometrica: Nov, 1981, Volume 49, Issue 6

Second Thoughts on Wald's Cost-of-Living Index and Frisch's Double Expenditure Method

https://www.jstor.org/stable/1911417
p. 1553-1558

Bert M. Balk

In this paper it is demonstrated that Wald's price index is the true cost-of-living index corresponding to a utility function of the form (x - @c)' A (x - @c). Within this framework Frisch's double expenditure method and a related proposal of Samuelson are discussed.

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The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica.  Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
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