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DTSTAMP:20251109T195027Z
DESCRIPTION:'Empirical Welfare Economics'\n\nFederico Echenique (CalTech)\n
 	Joint with Chris Chambers (Georgetown University)\n	April 22\, 2022\, 3:30 
 to 5:00 PM\n	Leacock 429\n\nHost: Leonie Baumann\n	Field: Theory\n\nAbstract
 :\n	Given demand data for a group of agents\, we seek to make counterfactua
 l welfare statements. Our main result considers whether there are convex p
 references for which some candidate allocation is Pareto optimal. We show 
 that this candidate allocation is possibly efficient if and only if it is 
 efficient for the incomplete relation derived from the revealed preference
  relations and convexity. Similar ideas are used to address related questi
 ons: when the Kaldor criterion may be used to make welfare comparisons\, w
 hat prices can be Walrasian equilibrium prices\, and the possibility of a 
 representative 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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