Abstract
This paper contains a proof of the following theorem: Let E 1 and E 1 denote an agent's expenditures on two groups of goods which are substitutes and complements to a non-traded good. Suppose that both the agent's income and the quantity of the non-traded good provided him have a positive effect on these two amounts. Then these effects can be used to place upper and lower bounds on the agent's marginal willingness to pay for the non-traded good.
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