Abstract
This dissertation describes an investigation into an alternative approach to the computation of true cost-of-living indexes (TCLIs). Traditionally, computation of TCLIs has involved the estimation of utility function parameters as a precursor to computation of the indexes themselves. By presupposing a variable preference structure described the generalized Fechner-Thurstone (GFT) direct utility function, a nonparametric true cost-of-living index is obtained based on data generated from non-GFT preference specifications. These nonparametric indexes are then contrasted with their parametric (non-GFT) counterparts and an evaluation of the robustness of the nonparametric GFT-TCLIs is made with respect to the non-GFT-TCLIs.
White, Stephen Nathan (1985). The generalized Fechner-Thurstone direct utility function as an alternative basis for computation of true cost-of-living indexes. Texas A&M University. Texas A&M University. Libraries. Available electronically from
https : / /hdl .handle .net /1969 .1 /DISSERTATIONS -451692.