Consumer Demand and Welfare Estimation in a Heterogeneous Population- Presenter: Stefan Hoderlein
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Abstract
Presenter: Stefan Hoderlein
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.
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Presenter: Stefan Hoderlein
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.