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This paper uses revealed preference inequalities to provide tight nonparametric bounds on consumer responses to price changes. Price responses are allowed to vary nonparametrically across the income distribution by exploiting microdata on consumer expenditures and incomes over a finite set of...
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Preference (SARP). By requiring transitivity they can be used to bound welfare measures. The new bounds on welfare measures are …
Persistent link: https://www.econbiz.de/10013101454
vector of unobserved characteristics, are developed and applied to estimate systems of individual consumer demand and welfare …
Persistent link: https://www.econbiz.de/10011775342
vector of unobserved characteristics, are developed and applied to estimate systems of individual consumer demand and welfare …
Persistent link: https://www.econbiz.de/10011941539
effects and for welfare calculations. Imposing the Slutsky shape constraint greatly reduces the sensitivity to Berkson errors. …
Persistent link: https://www.econbiz.de/10011935703
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Preference (SARP). By requiring transitivity they can be used to bound welfare measures. The new bounds on welfare measures are …
Persistent link: https://www.econbiz.de/10009619473