BLUNDELL, Richard; BROWNING, Martin; CHERCHYE, Laurens; … - Centrum voor Economische Studiën, Faculteit Economie … - 2012
Sharp nonparametric bounds are derived for Hicksian compensating and equivalent variations. These “i-bounds” generalize earlier results of Blundell, Browning and Crawford (2008). We show that their e-bounds are sharp under the Weak Axiom of Revealed Preference (WARP). They do not require...