BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20230326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20231029T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20230112T121500
DTEND;TZID=Europe/Helsinki:20230112T133000
DTSTAMP:20260711T105124
CREATED:20230104T114425Z
LAST-MODIFIED:20241104T085516Z
UID:14513-1673525700-1673530200@crest.science
SUMMARY:Vishal Kamat (TSE) "Estimating welfare effects in a nonparametric choice model: The case of school vouchers"
DESCRIPTION:The Econometrics Seminar:\nTime:12.15 – 13.30\nDate: 12th of January 2022\nRoom 3001 \nVishal Kamat (TSE) “Estimating welfare effects in a nonparametric choice model: The case of school vouchers” \nAbstract : We develop new robust discrete choice tools to learn about the average willingness to pay for a price subsidy and its effects on demand given exogenous\, discrete variation in prices. Our starting point is a nonparametric\, nonseparable model of choice. We exploit the insight that our welfare parameters in this model can be expressed as functions of demand for the different alternatives. However\, while the variation in the data reveals the value of demand at the observed prices\, the parameters generally depend on its values beyond these prices. We show how to sharply characterize what we can learn when demand is specified to be entirely nonparametric or to be parameterized in a flexible manner\, both of which imply that the parameters are not necessarily point identified. We use our tools to analyze the welfare effects of price subsidies provided by school vouchers in the DC Opportunity Scholarship Program. We robustly find that the provision of the status quo voucher and a wide range of counterfactual vouchers of different amounts have positive benefits net of costs. This positive effect can be explained by the popularity of low-tuition schools in the program; removing them from the program can result in a negative net benefit. Relative to our bounds\, we also find that comparable logit estimates potentially understate the benefits for certain voucher amounts\, and provide a misleading sense of robustness for alternative amounts. \n  \nOrganizer:\nArne UHLENDORFF (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/vishal-kamat-tse-estimating-welfare-effects-in-a-nonparametric-choice-model-the-case-of-school-vouchers/
CATEGORIES:Economics,Seminars
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR