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 heterogeneous demand where preferences and linear budget sets are statistically independent. Only the marginal distribution of dem...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
The Econometric Society,
2018-03-20T19:47:04Z.
|
| Subjects: | |
| Online Access: | Get fulltext |