Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our...

Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our...

This paper studies the identification of the costs of simultaneous search in portfolio problems (Chade and Smith, 2006). We show that market shares data from a single market do not provide sufficient information to identify the search cost distribution in any interval, even if...

We consider both a parametric and a semiparametric method to account for classification errors on the dependent variable in an ordered response model. The methods are applied to the analysis of self-reported speaking fluency of male immigrants in Germany. We find that a parametric model which...

Consumer demand microdata typically exhibit a great deal of expenditure variation but not very much price variation. In this paper, we propose a semiparametric approach to the consumer demand problem in which expenditure share equations are nonparametric in the real expenditure direction and...

Many theories in economics predict U-shaped relationships between variables. However, satisfactory tools to examine U-shapes are lacking. After explaining the limitations of the commonly employed quadratic specification, I propose a non-parametric test of U-shaped regression functions based on...

This paper uses an innovative theoretical framework for investigating gender and social differences in wellbeing among Indian households. On the conceptual side, we adopt a multidimensional definition of well-being that includes three key dimensions - wealth, health, education - with an...

Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...