2 papers
econ.EM2025
Empirical Welfare Maximization with Constraints
Liyang Sun
Empirical Welfare Maximization (EWM) is a framework that can be used to select welfare program eligibility policies based on data. This paper extends EWM by allowing for uncertaint…
econ.EM2025
Adapting to Misspecification
Timothy B. Armstrong, Patrick Kline, Liyang Sun
Empirical research typically involves a robustness-efficiency tradeoff. A researcher seeking to estimate a scalar parameter can invoke strong assumptions to motivate a restricted e…