This paper develops nonparametric methods for welfare-analysis of economic changes in the common setting of multinomial choice. The results cover (a) simultaneous price-change of multiple alternatives, (b) introduction/elimination of an option, (c) changes in choice-characteristics, and (d)...

Does increasing diversity in university-intake require sacrificing academic performance, and if so, by how much? We develop an empirical framework to explore this trade-off ex-post, using admissions-data matched with post-admission academic outcomes. We propose a simple, theoretical model of...

We consider empirical measurement of equivalent/compensating variation resulting from price-change of a discrete good using individual-level data, when there is unobserved heterogeneity in preferences. We show that for binary and unordered multinomial choice, the marginal distributions of EV/CV...

The econometric literature on program-evaluation and optimal treatment-choice takes functionals of outcome-distributions as `social-welfare' and ignores program-impacts on unobserved utilities, whereas the utility-based welfare-analysis tradition in public-finance ignores unobserved...

This paper concerns empirical measurement of Hicksian consumer welfare under interval-reported income. Bhattacharya (2015, 2018a) has shown that for discrete choice, welfare distributions resulting from a hypothetical price-change can be expressed as closed-form transformations of choice...

Many real-life settings of consumer-choice involve social interactions, causing targeted policies to have spillover-effects. This paper develops novel empirical tools for analyzing demand and welfare-effects of policy-interventions in binary choice settings with social interactions. Examples...

This paper concerns the problem of allocating a binary treatment among a target population based on observed covariates. The goal is to (i) maximize the mean social welfare arising from an eventual outcome distribution, when a budget constraint limits what fraction of the population can be...