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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




Matt Harding
(University of California)
'TBA'
Wednesday 6th June 2018 2:00pm
Keynes Room,
Rasmus Pedersen
(University of Copenhagen)
'TBA'
Wednesday 30th May 2018 2:00pm
Keynes Room,



Faculty Events



12 Sep




Recent Publications


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



Latest CWPE


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Determinants of long-term economic growth redux: A Measurement Error Model Averaging (MEMA..., Doppelhofer, G., Moe Hansen, O-P. and and Weeks, M.

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Co-integration and control: assessing the impact of events using time series data, Harvey, A. and Thiele, S.

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Implications of High-Frequency Trading for Security Markets, Linton, O. and Mahmoodzadeh, S.