epsilon-induction is the scheme: $\forall x(\forall y\in x\varphi (y)\rightarrow \varphi (x))\rightarrow \forall x\varphi (x)$.
Let "bounded epsilon-induction" be the above scheme, but only for bounded formulas.
It seems clear that the full epsilon induction is not derivable from the bounded one, but I haven't managed to find a model which satisfies the bounded but not the full. If anyone can help, or refer me to some book/paper, I would appreciate it.