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EDWEL SIGNED

Empirical Demand and Welfare Analysis

Total Cost €

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EC-Contrib. €

0

Partnership

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 EDWEL project word cloud

Explore the words cloud of the EDWEL project. It provides you a very rough idea of what is the project "EDWEL" about.

setting    incorrect    channels    nonparametric    economic    assumptions    underlies    preference    indices    evaluations    estimates    discrete    unexplored    college    life    reporting    industrial    regulation    welfare    readily    valued    models    multinomial    interval    driving    overcome    utilities    software    dynamic    subsidies    micro    endogeneity    calculation    policies    situation    regarding    complemented    price    evaluation    fundamental    errors    viewers    tv    environmental    formulation    theoretical    merger    potentially    calculations    undertakings    ubiquity    restrictive    practitioners    previously    codes    impacts    damage    exclusive    researched    academic    ordered    stata    emphasis    extreme    rely    substantial    income    entrants    cover    durable    measurement    contributions    hikes    policy    academia    tax    purchase    settings    tuition    coefficient    central    fare    underlying    preferences    data    situations    alternatives    empirical    passengers    unsubstantiated    peers    quality    random    quasilinear   

Project "EDWEL" data sheet

The following table provides information about the project.

Coordinator
THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE 

Organization address
address: TRINITY LANE THE OLD SCHOOLS
city: CAMBRIDGE
postcode: CB2 1TN
website: www.cam.ac.uk

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Project website https://sites.google.com/site/debobhatta/erc-grant-edwel
 Total cost 1˙426˙418 €
 EC max contribution 1˙426˙418 € (100%)
 Programme 1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
 Code Call ERC-2015-CoG
 Funding Scheme ERC-COG
 Starting year 2016
 Duration (year-month-day) from 2016-10-01   to  2021-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    THE CHANCELLOR MASTERS AND SCHOLARSOF THE UNIVERSITY OF CAMBRIDGE UK (CAMBRIDGE) coordinator 1˙426˙418.00

Map

 Project objective

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 one’s choice affects one’s peers’ utilities, and (iv) dynamic choice under uncertainty such as durable-purchase. Welfare analyses in situations (ii)-(iv) are previously unexplored problems and represent ambitious undertakings. Situation (i) has been analyzed only under strong, unsubstantiated assumptions, like quasilinear preferences and extreme valued errors. The key insight driving the project is that welfare calculations require less information than what is needed to identify underlying preference parameters. The project will also develop methods to overcome common data problems like interval-reporting and endogeneity of income. The theoretical results will be complemented by software codes in Stata/R which can be readily used by practitioners. Given the ubiquity of welfare analysis in economic applications and its use in non-academic settings such as merger-analysis, damage calculations, etc., the project is likely to have a substantial impact both in and beyond the academia.

 Publications

year authors and title journal last update
List of publications.
2019 Debopam Bhattacharya, University of Cambridge Pascaline Dupas, Stanford University Shin Kanaya, University of Aarhus
Demand and Welfare Analysis in Discrete Choice Models with Social Interactions
published pages: , ISSN: , DOI:
Working paper 2020-03-06
2019 Debopam Bhattacharya, University of Cambridge Anders Kjelsrud, University of Oslo Rohini Somanathan, Delhi School of Economics
Estimating the welfare gains from public schools in rural India
published pages: , ISSN: , DOI:
Working Paper 2020-03-06
2019 Ying-Ying Lee, Debopam Bhattacharya
Applied welfare analysis for discrete choice with interval-data on income
published pages: 361-387, ISSN: 0304-4076, DOI: 10.1016/j.jeconom.2019.02.007
Journal of Econometrics 211/2 2020-01-22
2018 Debopam Bhattacharya
Empirical welfare analysis for discrete choice: Some general results
published pages: 571-615, ISSN: 1759-7323, DOI: 10.3982/qe931
Quantitative Economics 9/2 2020-01-22

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