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econ.TH2024
Beyond the Mean: Testing Consumer Rationality through Higher Moments of Demand
Sebastiaan Maes, Raghav Malhotra
We study a setting where an analyst has access to purely aggregate information about the consumption choices of a heterogenous population of individuals. We show that observing the…
econ.TH2023
Identifying the Distribution of Welfare from Discrete Choice
Bart Capéau, Liebrecht De Sadeleer, Sebastiaan Maes
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. We develop a framework to cond…
econ.TH2023
Consumer Welfare Under Individual Heterogeneity
Charles Gauthier, Sebastiaan Maes, Raghav Malhotra
We propose a nonparametric method for estimating the distribution of consumer welfare from cross-sectional data with no restrictions on individual preferences. First demonstrating…