ARTICLE
ABSTRACT
In the paper we propose a generalized formula for aggregative price indexes which satisfies most of the postulates coming from axiomatic price index theory. It is shown, that the ideal Fisher index and Lexis index are special cases of the proposed formula. Moreover, using the generalized formula we can easily define new indexes, which also satisfy given postulates.
KEYWORDS
aggregative price indexes, Laspeyres index, Paasche index, Fisher index, Lexis index.
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