Best nonparametric bounds on demand responses.
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 discre...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Institute for Fiscal Studies
2005
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