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matching. The paper compares the Engel curves obtained from matching with the Engel curves obtained from traditional …. While superficially both ways to allocate income generate similar results, matching allows to explain some empirical … regularities that maximization cannot account for. For example, only by using matching one can reconstruct that income elasticities …
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matching. The paper compares the Engel curves obtained from matching with the Engel curves obtained from traditional …. While superficially both ways to allocate income generate similar results, matching allows to explain some empirical … regularities that maximization cannot account for. For example, only by using matching one can reconstruct that income elasticities …
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