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Edwel - People

Principal Investigator:
Dr Debopam Bhattacharya

Edwel - Details

Title: Edwel


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

Byunghoon (David) Kang
(Lancaster University)
'Inference in Nonparametric Series Estimation with Specification Searches for the Number of Series Terms'
Wednesday 25th April 2018 2:00pm
Keynes Room,
Dacheng Xiu
(Chicago Booth)
'Asset Pricing with Omitted Factors'
Wednesday 2nd May 2018 2:00pm
B4, Criminology

Faculty Events

12 Sep

Recent Publications

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

Latest CWPE


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


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


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