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Nonparametric Welfare Analysis for Discrete Choice : Levels and Differences of Individual and Social Welfare

Capéau, Bart; Maes, Sebastiaan; De Sadeleer, Liebrecht; … - 2021

Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...

Persistent link: https://www.econbiz.de/10013228344

Nonparametric Identification of Production Function, Total Factor Productivity, and Markup from Revenue Data

Kasahara, Hiroyuki; Sugita, Yoichi - 2021

Commonly used methods of production function estimation assume that a firm’s output quantity can be observed as data, but typical datasets contain only revenue, not output quantity. We examine the nonparametric identification of production function from revenue data when a firm faces a general...

Persistent link: https://www.econbiz.de/10013315013

Generalized propensity scores for multiple continuous treatment variables

Egger, Peter H.; von Ehrlich, Maximilian - 2013

This paper illustrates that the generalized propensity score method can easily be applied with multiple continuous endogenous treatment variables. Consistency proofs carry over straightforwardly to this general case, and the approach is shown to work well in finite samples with various...

Persistent link: https://www.econbiz.de/10010291531

Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited

Buchholz, Wolfgang; Peters, Wolfgang - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10010270530

The ex ante incentive compatible core in exchange economies with and without indivisibilities

Forges, Françoise - 2006

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …

Persistent link: https://www.econbiz.de/10010273735

Core-stable rings in auctions with independent private values

Biran, Omer; Forges, Françoise - 2010

) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …

Persistent link: https://www.econbiz.de/10010273875

Physician Density and Infant Mortality : A Semiparametric Analysis of the Returns to Health Care Provision

Liebert, Helge - 2018

This paper investigates the effect of physicians on infant mortality, stillbirths and the incidence of common childhood diseases. We construct a new panel data set covering German municipalities from 1928 to 1936 based on historical sources. The endogeneity of health care supply is addressed by...

Persistent link: https://www.econbiz.de/10012908713

Aging and Health Care Expenditures : A Non-Parametric Approach

Lorenz, Normann - 2020

One of the most important controversies in health economics concerns the question whether the imminent aging of the population in most OECD countries will place an additional burden on the tax payers who finance public health care systems. Proponents of the "red-herring hypothesis" argue that...

Persistent link: https://www.econbiz.de/10012836935

Nonparametric Estimation of Sponsored Search Auctions and Impacts of Ad Quality on Search Revenue

Kim, Dongwoo; Pal, Pallavi - 2023

This paper presents an empirical model of sponsored search auctions in which advertisers are ranked by bid and ad quality. We introduce a new nonparametric estimator for the advertiser’s ad value and its distribution under the ‘incomplete information’ assumption. The ad value is...

Persistent link: https://www.econbiz.de/10014259686

Meta-Analysis of Inequality Aversion Estimates

Nunnari, Salvatore; Pozzi, Maximilian Joseph - 2022

We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...

Persistent link: https://www.econbiz.de/10014080048