Nonparametric Welfare Analysis
Exact consumer's surplus and deadweight loss are the most widely used welfare and economic efficiency measures. These measures can be computed from demand functions in straightforward ways. Nonparametric estimation can be used to estimate the welfare measures. In doing so, it seems important to...
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Annual Reviews
2018
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| Online Access: | http://hdl.handle.net/1721.1/114158 https://orcid.org/0000-0002-5433-9435 https://orcid.org/0000-0003-2699-4704 |