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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




Andrew Chesher
(UCL)
'Modelling Simultaneously Determined Discrete Outcomes with Application to Firm Entry and Product Quality Choice'
Wednesday 27th February 2019 2:00pm
Keynes Room,
Miguel Delgado
(Universidad Carlos III de Madrid)
'Counterfactual Analysis Using Censored Duration Data'
Wednesday 6th March 2019 2:00pm
Keynes Room,



Faculty Events





Recent Publications


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



Selected CWPE


18
06

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

18
02

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

18
07

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