Individual Heterogeneity and Average Welfare
نویسندگان
چکیده
منابع مشابه
Individual Heterogeneity and Average Welfare∗
Individual heterogeneity is an important source of variation in demand. Allowing for general heterogeneity is needed for correct welfare comparisons. We consider general heterogenous demand where preferences and linear budget sets are statistically independent. We find that the dimension of heterogeneity and the individual demand functions are not identified. We also find that the exact consume...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2016
ISSN: 0012-9682
DOI: 10.3982/ecta11899