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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




Yingying Li
(HKUST Business School)
'Approaching Mean-Variance Efficiency for Large Portfolios'
Wednesday 12th September 2018 2:00pm
Keynes Room,

Tim Armstrong
(Yale)
'TBA'
Wednesday 19th September 2018 2:00pm
Keynes Room,


Recent Publications


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



Latest CWPE


18
08

Asymptotics of the principal components estimator of large factor models with weak factors..., Onatski, A.

17
03

A Discrete Choice Model For Large Heterogeneous Panels with Interactive Fixed Effects with..., Boneva, L. and Linton, O.

18
07

Local Asymptotic Normality of the Spectrum of High-Dimensional Spiked F-Ratios, Dharmawansa, P., Johnstone, I. M., and Onatski, A.