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Edwel - People

Principal Investigator:
Dr Debopam Bhattacharya

Edwel - Details

Title: Edwel

Sponsor: ECH2020 EUROPEAN RESEARCH COUNCIL (ERC)

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




Rasmus Pedersen
(University of Copenhagen)
'TBA'
Wednesday 30th May 2018 2:00pm
Keynes Room,
Christoph Rothe
(University of Mannheim)
'TBA'
Wednesday 14th March 2018 2:00pm
Keynes Room,



Faculty Events


12 Sep





Recent Publications


Dhaene, G. and Jochmans, K. Split-panel Jackknife Estimation of Fixed-Effect Models Review of Economic Studies [2015]

Bhattacharya, D. Nonparametric welfare analysis for discrete choice Econometrica [2015]



Latest CWPE


16
20

Simple Nonparametric Estimators for the Bid-Ask Spread in the Roll Model, Chen, X., Linton, O. and Schneeberger, S.

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11

Big Data Analytics: A New Perspective, Chudik, A., Kapetanios, G. and Pesaran, M. H.

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64

Estimation of a Multiplicative Covariance Structure in the Large Dimensional Case, Hafner, C. M. and Linton, O.