The Econometric SocietyEdited by: Marina Halac • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Nov, 1981, Volume 49, Issue 6
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.
December 11, 2025
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
