Detalles del recurso

Descripción

Exact consumer's surplus and deadweight loss are the most widely used welfare and economic efficiency measures. These measures can be computed from demand functions in straightforward ways. Nonparametric estimation can be used to estimate the welfare measures. In doing so, it seems important to account correctly for unobserved heterogeneity, given the high degree of unexplained demand variation often found in applications. This review surveys work on nonparametric welfare analysis, focusing on work that allows for general heterogeneity in demand, such as that of Hausman & Newey (2016). Keywords: consumer surplus, deadweight loss, identification, quantiles

Pertenece a

DSpace at MIT  

Autor(es)

Hausman, Jerry A -  Newey, Whitney K - 

Id.: 71083178

Versión: 1.0

Estado: Final

Tipo de recurso: Article  -  http://purl.org/eprint/type/JournalArticle  - 

Tipo de Interactividad: Expositivo

Nivel de Interactividad: muy bajo

Audiencia: Estudiante  -  Profesor  -  Autor  - 

Estructura: Atomic

Coste: no

Copyright: sí

: Creative Commons Attribution-Noncommercial-Share Alike

Requerimientos técnicos:  Browser: Any - 

Relación: [IsBasedOn] MIT Web Domain
[References] http://dx.doi.org/10.1146/ANNUREV-ECONOMICS-080315-015107
[References] Annual Review of Economics

Fecha de contribución: 16-mar-2018

Contacto:

Localización:
* 1941-1383
* 1941-1391
* Hausman, Jerry A., and Whitney K. Newey. “Nonparametric Welfare Analysis.” Annual Review of Economics, vol. 9, no. 1, Aug. 2017, pp. 521–46.
* OPEN_ACCESS_POLICY

Otros recursos del mismo autor(es)

  1. ALTERNATIVE ASYMPTOTICS AND THE PARTIALLY LINEAR MODEL WITH MANY REGRESSORS Many empirical studies estimate the structural effect of some variable on an outcome of interest whi...
  2. Instrumental variable estimation with heteroskedasticity and many instruments This paper gives a relatively simple, well behaved solution to the problem of many instruments in he...
  3. Individual Heterogeneity and Average Welfare Individual heterogeneity is an important source of variation in demand. Allowing for general heterog...
  4. Double/debiased machine learning for treatment and structural parameters We revisit the classic semi-parametric problem of inference on a low-dimensional parameter θ 0 in t...
  5. Double/Debiased/Neyman Machine Learning of Treatment Effects Chernozhukov et al. (2016) provide a generic double/de-biased machine learning (ML) approach for obt...

Otros recursos de la mismacolección

  1. Dietary Restriction: Standing Up for Sirtuins We believe that L. Fontana, L. Partridge, and V. D. Longo should have included a discussion of sirtu...
  2. It takes two to tango: NAD+ and sirtuins in aging/longevity control The coupling of nicotinamide adenine dinucleotide (NAD⁺) breakdown and protein deacylation is a uniq...
  3. Metabolic control of primed human pluripotent stem cell fate and function by the miR-200c–SIRT2 axis A hallmark of cancer cells is the metabolic switch from oxidative phosphorylation (OXPHOS) to glycol...
  4. Repeat dose NRPT (nicotinamide riboside and pterostilbene) increases NAD+ levels in humans safely and sustainably: a randomized, double-blind, placebo-controlled study NRPT is a combination of nicotinamide riboside (NR), a nicotinamide adenine dinucleotide (NAD⁺) prec...
  5. Sirt3 deficiency does not affect venous thrombosis or NETosis despite mild elevation of intracellular ROS in platelets and neutrophils in mice This is an open access article distributed under the terms of the Creative Commons Attribution Licen...

Aviso de cookies: Usamos cookies propias y de terceros para mejorar nuestros servicios, para análisis estadístico y para mostrarle publicidad. Si continua navegando consideramos que acepta su uso en los términos establecidos en la Política de cookies.