Consumer Demand and Welfare Estimation in a Heterogeneous Population

Presenter: Stefan Hoderlein  (Boston College) 

Abstract: This is an overview about own recent econometric work related to the modeling of heterogeneity in applied consumer demand models. The focus will be on non-parametric random coefficient models. The main application will come from estimating gasoline demand; in particular, estimating the distribution of welfare effects of a 5% gasoline price change.

Presentation Date: 

Wednesday, November 20, 2013
See also: 2013