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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 Marshall–Edgeworth index (named for economists Alfred Marshall and Francis Ysidro Edgeworth), tries to overcome the problems of over- and understatement by the Laspeyres and Paasche indexes by using the arithmetic means of the quantities:
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.
On May 2, 2017, Microsoft unveiled Windows 10 S (referred to in leaks as Windows 10 Cloud), a feature-limited edition of Windows 10 which was designed primarily for devices in the education market (competing, in particular, with ChromeOS netbooks), such as the Surface Laptop that Microsoft also unveiled at this time. The OS restricts software ...
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
Cost-push inflation is a purported type of inflation caused by increases in the cost of important goods or services where no suitable alternative is available. As businesses face higher prices for underlying inputs, they are forced to increase prices of their outputs.