A simple and efficient method for estima
A simple and efficient method for estimating the magnitude and precision of welfare changes: comment
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Ian J. Irvine; Professor William A. Sims
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Article
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2002
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John Wiley and Sons
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English
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๐ 1 views
## Abstract A recent article (Breslaw and Smith, 1995) published in this journal provided an iterative numerical technique for computing the welfare effects of price changes. In this note we take issue with the application used to demonstrate this technique. In particular, we show that the demands