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Nonparametric Estimation of Exact Consumers Surplus and Deadweight Loss

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Author Info
Hausman, Jerry A
Newey, Whitney K
Abstract

The authors apply nonparametric regression models to estimation of demand curves of the type most often used in applied research. From the demand curve estimators they derive estimates of exact consumers surplus and deadweight loss. The authors also develop tests of the symmetry and downward sloping properties of compensated demand. They work out asymptotic normal sampling theory for kernel and series nonparametric estimators as well as for the parametric case. The paper includes an application to gasoline demand that estimates the shape of the demand curve and the average magnitude of welfare loss from a tax on gasoline. Copyright 1995 by The Econometric Society.

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Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 63 (1995)
Issue (Month): 6 (November)
Pages: 1445-76
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Handle: RePEc:ecm:emetrp:v:63:y:1995:i:6:p:1445-76

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  1. Joshua D. Angrist & Kathryn Graddy & Guido W. Imbens, 1995. "Non-Parametric Demand Analysis with an Application to the Demand for Fish," NBER Technical Working Papers 0178, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Bia, Michela, 2007. "The Propensity Score method in public policy evaluation: a survey," P.O.L.I.S. department's Working Papers 79, Department of Public Policy and Public Choice - POLIS. [Downloadable!]
  3. Oliver Linton & E. Mammen & J. Nielsen & C. Tanggaard, 1998. "Estimating Yield Curves by Kernel Smoothing Methods," Cowles Foundation Discussion Papers 1205, Cowles Foundation, Yale University. [Downloadable!]
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  4. Glenn Ellison & Sara Fisher Ellison, 1998. "A Simple Framework for Nonparametric Specification Testing," NBER Technical Working Papers 0234, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Oliver B. Linton & Enno Mammen & J. Nielsen & Carsten Tanggaard, 2000. "Yield Curve Estimation by Kernel Smoothing Methods," Econometric Society World Congress 2000 Contributed Papers 0235, Econometric Society. [Downloadable!]
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  6. Arthur Lewbel & Linton, Oliver Linton, 1998. "Nonparametric Censored Regression," Cowles Foundation Discussion Papers 1186, Cowles Foundation, Yale University. [Downloadable!]
  7. Blomquist, Sören & Eklöf, Matias & Newey, Whitney, 1997. "Tax Reform Evaluation Using Nonparametric Methods: Sweden 1980 - 1991," Working Paper Series 1997:29, Uppsala University, Department of Economics. [Downloadable!]
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  8. Maija Gao & Ari Hyytinen & Otto Toivanen, 2005. "Demand for Mobile Internet: Evidence from a Real-World Pricing Experiment," Discussion Papers 964, The Research Institute of the Finnish Economy. [Downloadable!]
  9. Criscuolo,Paola & Verspagen ,Bart, 2005. "Does it matter where patent citations come from? Inventor versus examiner citations in European patents," Research Memoranda 017, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
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  10. Mitali Das, 2002. "Minimum distance estimators for nonparametric models with grouped dependent," Discussion Papers 0102-41, Columbia University, Department of Economics. [Downloadable!]
  11. Alberto Abadie, 2000. "Semiparametric Estimation of Instrumental Variable Models for Causal Effects," NBER Technical Working Papers 0260, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Brynjolfsson, Erik & Smith, Michael D. & Yu, (Jeffrey) Hu, 2003. "Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers," Working papers 4305-03, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  13. Hatipoglu, Ozan, 2008. "An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework," MPRA Paper 7856, University Library of Munich, Germany. [Downloadable!]
  14. Bia, Michela & Mattei, Alessandra, 2007. "Application of the Generalized Propensity Score. Evaluation of public contributions to Piedmont enterprises," P.O.L.I.S. department's Working Papers 80, Department of Public Policy and Public Choice - POLIS. [Downloadable!]
  15. Sara G. Castellanos & Marco A. Oviedo, 2004. "Optimal Bidding in the Mexican Treasury Securities Primary Auctions: Results from a Structural Econometrics Approach," Levine's Working Paper Archive 122247000000000118, UCLA Department of Economics. [Downloadable!]
  16. Alan J. Auerbach & James R. Hines Jr., 2001. "Taxation and Economic Efficiency," NBER Working Papers 8181, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  17. Jerry Hausman, 1997. "Cellular Telephone, New Products and the CPI," NBER Working Papers 5982, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  18. Blomquist, Sören & Newey, Whitney, 1997. "Nonparametric Estimation of Labor Supply Functions Generated by Piece Wise Linear Budget Constraints," Working Paper Series 1997:24, Uppsala University, Department of Economics. [Downloadable!]
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  19. Whitney Newey & Guido Imbens, 2004. "Identification and Estimation of Triangular Simultaneous Equations Models without Additivity," Econometric Society 2004 North American Summer Meetings 594, Econometric Society. [Downloadable!]
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  20. Arthur Lewbel & Oliver Linton, 2000. "Nonparametric Censored and Truncated Regression," STICERD - Econometrics Paper Series /2000/389, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
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