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RDP 2018-08: Econometric Perspectives on Economic Measurement
Equation (A1)
δ
^
W
L
S
=
(
∑
t
v
(
x
t
v
w
t
v
x
t
v
′
)
)
−
1
∑
t
v
(
x
t
v
w
t
v
ln
(
p
t
v
)
)