Individual Heterogeneity and Average Welfare
Individual Heterogeneity and Average Welfare
复制标题
个体异质性和平均福利
DOI:
10.1920/wp.cem.2014.4214
复制
发表时间:
2016
期刊:
影响因子:
6.1
通讯作者:
Whitney Newey
中科院分区:
文献类型:
--
作者:
J. Hausman;Whitney Newey
Individual heterogeneity is an important source of variation in demand. Allowing for general heterogeneity is needed for correct welfare comparisons. We consider general heterogenous demand where preferences and linear budget sets are statistically independent. We find that the dimension of heterogeneity and the individual demand functions are not identified. We also find that the exact consumer surplus of a price change, averaged across individuals, is not identified, motivating bounds analysis. We use bounds on income effects to derive relatively simple bounds on the average surplus, including for discrete/continous choice. We also sketch an approach to bounding surplus that does not use income effect bounds. We apply the results with income effect bounds to gasoline demand. We find little sensitivity to the income effect bounds in this application.
影响因子:
6.1
作者:
Hoderlein;Mammen
通讯作者:
Mammen
DOI:
10.3982/ecta14478
发表时间:
2018
期刊:
arXiv: Statistics Theory
影响因子:
--
作者:
Y. Kitamura;J. Stoye
通讯作者:
J. Stoye
影响因子:
5.6
作者:
Blomquist, Sören;Hausman, Jerry A.;Newey, Whitney K.
通讯作者:
Newey, Whitney K.