Capéau, Bart; De Sadeleer, Liebrecht; Maes, Sebastiaan; … - 2021
nonparametric results for the joint distribution of welfare and welfare differences, as well as for social welfare. The former is 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 …