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Individual heterogeneity and average welfare

Hausman, Jerry A.; Newey, Whitney K. - 2013

Individual heterogeneity is an important source of variation in demand. Allowing for general heterogeneity is needed for correct welfare comparisons. We consider general heterogenous demand where preferences and linear budget sets are statistically independent. We find that the dimension of...

Persistent link: https://www.econbiz.de/10009773907

Individual heterogeneity and average welfare

Hausman, Jerry A.; Newey, Whitney K. - 2014 - Rev.

Persistent link: https://www.econbiz.de/10010411294

Empirical welfare maximization with constraints

Sun, Liyang - 2024

Empirical Welfare Maximization (EWM) is a framework that can be used to select welfare program eligibility policies based on data. This paper extends EWM by allowing for uncertainty in estimating the budget needed to implement the selected policy, in addition to its welfare. Due to the...

Persistent link: https://www.econbiz.de/10015073237

Microeconomic models with latent variables : applications of measurement error models in empirical industrial organization and labor economics

Hu, Yingyao - 2015

This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...

Persistent link: https://www.econbiz.de/10010469057

Recovering latent variables by matching

Arellano, Manuel; Bonhomme, Stéphane - 2020

We propose an optimal-transport-based matching method to nonparametrically estimate linear models with independent …

Persistent link: https://www.econbiz.de/10012152500

Identification and efficiency bounds for the average match function under conditionally exogenous matching

Graham, Bryan S.; Imbens, Guido; Ridder, Geert - 2016

following matching mechanism: take a random draw from the W = wj subgroup of the first population and match her with an …), denote the expected output associated with this match. We show that (i) the AMF is identified when matching is conditionally … exogenous, (ii) conditionally exogenous matching is compatible with a pairwise stable aggregate matching equilibrium under …

Persistent link: https://www.econbiz.de/10011440476

Inference in experiments with matched pairs

Bai, Yuehao; Romano, Joseph P.; Shaikh, Azeem M. - 2019

This paper studies inference for the average treatment effect in randomized controlled trials where treatment status is determined according to a "matched pairs" design. By a "matched pairs" design, we mean that units are sampled i.i.d. from the population of interest, paired according to...

Persistent link: https://www.econbiz.de/10011997352

Estimating households' willingness to pay

Griffith, Rachel; Nesheim, Lars - 2010

The recent literature has brought together the characteristics model of utility and classic revealed preference arguments to learn about consumers' willingness to pay. We incorporate market pricing equilibrium conditions into this setting. This allows us to use observed purchase prices and...

Persistent link: https://www.econbiz.de/10008659883

Household willingness to pay for organic products

Griffith, Rachel (contributor); Nesheim, Lars (contributor) - 2008

We use hedonic prices and purchase quantities to consider what can be learned about household willingness to pay for baskets of organic products and how this varies across households. We use rich scanner data on food purchases by a large number of households to compute household specific lower...

Persistent link: https://www.econbiz.de/10003739695

The housing stock, housing prices, and user costs: the roles of location, structure and unobserved quality

Halket, Jonathan; Nesheim, Lars; Oswald, Florian - 2015

Using the English Housing Survey, we estimate a supply side selection model of the allocation of properties to the owner-occupied and rental sectors. We find that location, structure and unobserved quality are important for understanding housing prices, rents and selection. Structural...

Persistent link: https://www.econbiz.de/10011400709