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Information about individual choices of heterogeneous agents. Results can for example be used to describe the distributional effects of tax policy change, such as the effects on changes in money metric utility - distributions of equivalent and compensating variation (EV or CV). This type of...
Persistent link: https://www.econbiz.de/10012800801
We consider empirical measurement of equivalent/compensating variation resulting from price-change of a discrete good using individual-level data, when there is unobserved heterogeneity in preferences. We show that for binary and unordered multinomial choice, the marginal distributions of EV/CV...
Persistent link: https://www.econbiz.de/10013021147
The advent of smartphones has caused a dramatic change in consumers' access to information and media. Using data on consumer telephone service choices, along with geographic data on cellular network infrastructure and software applications, we estimate the demand for telephone services. We allow...
Persistent link: https://www.econbiz.de/10013035386
This paper is concerned with the measurement of individual welfare in labour supply models which allow for the impact of income taxation and income support schemes on labour supply decisions. The paper is motivated by the concern over the need to have measures which can be interpreted easily,...
Persistent link: https://www.econbiz.de/10014184370
This paper develops nonparametric methods for welfare-analysis of economic changes in the common setting of multinomial choice. The results cover (a) simultaneous price-change of multiple alternatives, (b) introduction/elimination of an option, (c) changes in choice-characteristics, and (d)...
Persistent link: https://www.econbiz.de/10014155365
Many real-life settings of consumer-choice involve social interactions, causing targeted policies to have spillover-effects. This paper develops novel empirical tools for analyzing demand and welfare-effects of policy-interventions in binary choice settings with social interactions. Examples...
Persistent link: https://www.econbiz.de/10012900089
This paper concerns empirical measurement of Hicksian consumer welfare under interval-reported income. Bhattacharya (2015, 2018a) has shown that for discrete choice, welfare distributions resulting from a hypothetical price-change can be expressed as closed-form transformations of choice...
Persistent link: https://www.econbiz.de/10012899494
This paper evaluates the welfare effects of the 1986 Tax Reform Act (TRA86). In thirty years since its introduction, several studies have analysed the effects of TRA86. However, preference heterogeneity and non-market dimensions of welfare have not been taken into account. We propose an...
Persistent link: https://www.econbiz.de/10011346578
Persistent link: https://www.econbiz.de/10002467418
Persistent link: https://www.econbiz.de/10015141784