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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...
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routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price … classification of affected routes, we apply a difference-indifferences approach to exemplarily investigate the price effects of the … America West Airlines - US Airways merger completed in 2005. We find that although average prices increased substantially on …
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