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DTSTAMP:20260605T235506Z
DESCRIPTION:'Empirical Welfare Economics'\n\nFederico Echenique (CalTech) J
 oint with Chris Chambers (Georgetown University) April 22\, 2022\, 3:30 to
  5:00 PM Leacock 429\n\nHost: Leonie Baumann\n	Field: Theory\n\nAbstract:\n
 	Given demand data for a group of agents\, we seek to make counterfactual w
 elfare statements. Our main result considers whether there are convex pref
 erences for which some candidate allocation is Pareto optimal. We show tha
 t this candidate allocation is possibly efficient if and only if it is eff
 icient for the incomplete relation derived from the revealed preference re
 lations and convexity. Similar ideas are used to address related questions
 : when the Kaldor criterion may be used to make welfare comparisons\, what
  prices can be Walrasian equilibrium prices\, and the possibility of a rep
 resentative consumer when the income distribution is endogenous.\n\n \n
DTSTART:20220422T193000Z
DTEND:20220422T210000Z
SUMMARY:Federico Echenique (CalTech)\, 'Empirical Welfare Economics'
URL:/economics/channels/event/federico-echenique-calte
 ch-empirical-welfare-economics-337453
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