2 papers
econ.EM2020
Loss aversion and the welfare ranking of policy interventions
Sergio Firpo, Antonio F. Galvao, Martyna Kobus +2
This paper develops theoretical criteria and econometric methods to rank policy interventions in terms of welfare when individuals are loss-averse. Our new criterion for "loss aver…
econ.EM2019
Uniform inference for value functions
Sergio Firpo, Antonio F. Galvao, Thomas Parker
We propose a method to conduct uniform inference for the (optimal) value function, that is, the function that results from optimizing an objective function marginally over one of i…