Consistent Estimation of General Equilibrium Welfare Effects
讨论如何识别和一致估计一般均衡需求曲线,用于衡量一个市场政策干预在多个市场中引起的剩余变化,并给出在价格缺失时的一致估计条件及边界方法。
Abstract A general equilibrium demand curve is appropriate for measuring the surplus changes in several markets induced by a policy intervention in one market. Guidelines for the identification and consistent estimation of such a demand curve are discussed. Specifically, conditions are stated under which the dropping of prices of related goods yields a consistent estimate of the slope of the general equilibrium demand curve. Also, a method similar to Leamer's is proposed to provide consistent bounds for the general equilibrium demand slope when the slope is underidentified.