Lewbel, Arthur; Norris, Samuel; Pendakur, Krishna; Qu, Xi - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1257-1295
perceived consumption needs. We provide a novel method for obtaining identification in social interactions models like ours … inequality‐neutral social welfare, by reducing peer consumption externalities. We show welfare gains of billions of dollars per …