skip to content

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

<< Back to Research Group

Econometrics Research Group




Juan Carlos Escanciano
(Universidad Carlos III de Madrid)
'Optimal Linear Instrumental Variables Approximations'
Wednesday 24th October 2018 2:00pm
Keynes Room,
Ivan Fernandez-Val
(Boston)
'TBA'
Wednesday 7th November 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
06

Testing in High-Dimensional Spiked Models, Johnstone, I. M. and Onatski, A.

17
31

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

18
07

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