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Persistent link: https://www.econbiz.de/10010249877
We analyze and compare the errors of two numerical approaches for measuring compensated income. We prove that Vartia’s algorithm and Breslaw and Smith’s algorithm both converge quadratically; when the price change within each partition step is small, the error of Vartia’s algorithm is...
Persistent link: https://www.econbiz.de/10010866824