Quality, quantity, spending and prices

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Quality, quantity, spending and prices

One measure of the change in the “quality” of consumption is the degree to which the consumption basket as a whole moves towards more luxurious goods, away from necessities. We introduce two related measures based on the luxury/necessity distinction. One is an index of the extent to which the prices...

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Bibliographic Details
Main Author:	Gao, Grace
Format:	Journal Article
Published:	Elsevier 2012
Subjects:	Consumer demand Indexes Quality
Online Access:	http://hdl.handle.net/20.500.11937/35802

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