Blundell, Richard; Browning, Martin; Cherchye, Laurens; … - In: American Economic Journal: Microeconomics 7 (2015) 1, pp. 43-60
Sharp nonparametric bounds are derived for counterfactual demands and Hicksian compensating and equivalent variations. These "i-bounds" refine and extend earlier results of Blundell, Browning, and Crawford (2008). We show that their bounds are sharp under the Weak Axiom of Revealed Preference...