Irvine, Ian J.; Sims, William A. - In: Journal of Applied Econometrics 17 (2002) 1, pp. 81-83
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 used are...
