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Edwel - People

Principal Investigator:
Dr Debopam Bhattacharya

Edwel - Details

Title: Edwel


Description: Measurement of consumer welfare is central to economic evaluations. It underlies calculation of price-indices, formulation of tax policies, and environmental and industrial regulation. But existing measurement methods rely on restrictive assumptions about consumer preferences, leading to potentially incorrect conclusions regarding policy-impacts. The proposed project aims to make fundamental contributions to empirical welfare analysis by developing nonparametric approaches, which would avoid such assumptions and thus produce reliable welfare estimates from micro-data. The emphasis will be on welfare-evaluation of price/quality changes in the under researched but common real-life setting of discrete-choice, e.g., the impact of tuition subsidies for college entrants, fare-hikes for passengers and access to new channels for TV viewers. The project will cover (i) discrete choice with multinomial/ordered/non-exclusive alternatives, (ii) random coefficient choice-models, (iii) settings where

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Econometrics Research Group

Sohnke Bartram
(Warwick Business School)
'Currency Anomalies'
Wednesday 1st May 2019 2:00pm
Keynes Room,
Christiane Baumeister
(University of Notre Dame)
'Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks'
Wednesday 8th May 2019 2:00pm
Keynes Room,

Faculty Events

Recent Publications

Onatski, A. and Wang, C. Alternative Asymptotics for Cointegration Tests in Large VARs Econometrica [2018]

Jochmans, K., and Weidner, M. Fixed-Effect Regressions on Network Data Econometrica, forthcoming [2019]

Selected CWPE


Fixed-Effect Regressions on Network Data, Jochmans, K. and Weidner, M.


A Coupled Component GARCH Model for Intraday and Overnight Volatility, Linton, O., Wu, J.


Applied Welfare Analysis for Discrete Choice with Interval-data on Income, Lee, Y-Y., Bhattacharya, D.