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The Marshall-Edgeworth index, credited to Marshall (1887) and Edgeworth (1925), [11] is a weighted relative of current period to base period sets of prices. This index uses the arithmetic average of the current and based period quantities for weighting. It is considered a pseudo-superlative formula and is symmetric. [12] The use of the Marshall ...
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
An Edgeworth price cycle is cyclical pattern in prices characterized by an initial jump, which is then followed by a slower decline back towards the initial level. The term was introduced by Maskin and Tirole (1988) [ 1 ] in a theoretical setting featuring two firms bidding sequentially and where the winner captures the full market.
Fig. 1. An Edgeworth box. In economics, an Edgeworth box, sometimes referred to as an Edgeworth-Bowley box, is a graphical representation of a market with just two commodities, X and Y, and two consumers. The dimensions of the box are the total quantities Ω x and Ω y of the two goods. Let the consumers be Octavio and Abby.
added to it. —SlamDiego ←T 10:37, 30 June 2008 (UTC) I added the Marshall-Edgeworth formulas plus some other information I found on it. Feel free to add any other formulas. I've been slow to flesh this out.--Bkwillwm 03:38, 1 July 2008 (UTC) Okay. I just don't want to screw-up any longer-term vision that you have for this article.
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