23 research outputs found

    Problems of operationalizing the concept of a cost-of-living index

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    The aim of our paper is to discuss the problems of operationalizing the concept of a .cost-of-living-index. (COLI). For this purpose we are first undertaking a theoretical analysis of Diewert’s theory of superlative index numbers as one possible approach to approximate a COLI. We show that Diewert.s superlative index approach is arguable in many points and that the approach requires restrictive assumptions which are not likely to be met in observed households behaviour. To get a better idea about the deviation of observed households behaviour from the neoclassical assumptions about utility maximizing behaviour, we are estimating an Almost Ideal Demand System and a Quadratic Almost Ideal Demand System with cross section micro data from the German income and expenditure survey. Using the results of the demand system estimations we calculate COLIs and compare them with superlative index numbers and the Laspeyres price index.cost-of-living index; superlative index numbers; Diewert; demand systems

    Problems of operationalizing the concept of a cost-of-living index

    Get PDF
    The aim of our paper is to discuss the problems of operationalizing the concept of a .cost-of-living-index. (COLI). For this purpose we are first undertaking a theoretical analysis of Diewert’s theory of superlative index numbers as one possible approach to approximate a COLI. We show that Diewert.s superlative index approach is arguable in many points and that the approach requires restrictive assumptions which are not likely to be met in observed households behaviour. To get a better idea about the deviation of observed households behaviour from the neoclassical assumptions about utility maximizing behaviour, we are estimating an Almost Ideal Demand System and a Quadratic Almost Ideal Demand System with cross section micro data from the German income and expenditure survey. Using the results of the demand system estimations we calculate COLIs and compare them with superlative index numbers and the Laspeyres price index

    Problems of operationalizing the concept of a cost-of-living index

    Get PDF
    The aim of our paper is to discuss the problems of operationalizing the concept of a .cost-of-living-index. (COLI). For this purpose we are first undertaking a theoretical analysis of Diewert’s theory of superlative index numbers as one possible approach to approximate a COLI. We show that Diewert.s superlative index approach is arguable in many points and that the approach requires restrictive assumptions which are not likely to be met in observed households behaviour. To get a better idea about the deviation of observed households behaviour from the neoclassical assumptions about utility maximizing behaviour, we are estimating an Almost Ideal Demand System and a Quadratic Almost Ideal Demand System with cross section micro data from the German income and expenditure survey. Using the results of the demand system estimations we calculate COLIs and compare them with superlative index numbers and the Laspeyres price index

    Metric fluctuations and decoherence

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    Recently a model of metric fluctuations has been proposed which yields an effective Schr\"odinger equation for a quantum particle with a modified inertial mass, leading to a violation of the weak equivalence principle. The renormalization of the inertial mass tensor results from a local space average over the fluctuations of the metric over a fixed background metric. Here, we demonstrate that the metric fluctuations of this model lead to a further physical effect, namely to an effective decoherence of the quantum particle. We derive a quantum master equation for the particle's density matrix, discuss in detail its dissipation and decoherence properties, and estimate the corresponding decoherence time scales. By contrast to other models discussed in the literature, in the present approach the metric fluctuations give rise to a decay of the coherences in the energy representation, i. e., to a localization in energy space.Comment: 7 page

    Space--time fluctuations and the spreading of wavepackets

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    Using a density matrix description in space we study the evolution of wavepackets in a fluctuating space-time background. We assume that space-time fluctuations manifest as classical fluctuations of the metric. From the non-relativistic limit of a non-minimally coupled Klein-Gordon equation we derive a Schr\"odinger equation with an additive gaussian random potential. This is transformed into an effective master equation for the density matrix. The solutions of this master equation allow to study the dynamics of wavepackets in a fluctuating space-time, depending on the fluctuation scenario. We show how different scenarios alter the diffusion properties of wavepackets.Comment: 11 page

    Use of anticoagulants and antiplatelet agents in stable outpatients with coronary artery disease and atrial fibrillation. International CLARIFY registry

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