Blundell, Richard; Browning, Martin; Cherchye, Laurens; … - Institute for Fiscal Studies (IFS) - 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...