Partial Identification, Distributional Preferences, and the Welfare Ranking of Policies

A-Tier
Journal: Review of Economics and Statistics
Year: 2016
Volume: 98
Issue: 1
Pages: 111-131

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We discuss the tension between “what we can get” (identification) and “what we want” (parameters of interest) in models of policy choice (treatment assignment). Our nonstandard empirical object of interest is the ranking of counterfactual policies. Partial identification of treatment effects maps into a partial welfare ranking of treatment assignment policies. We characterize the identified ranking and show how the identifiability of the ranking depends on identifying assumptions, the feasible policy set, and distributional preferences. An application to the project STAR experiment illustrates this dependence. This paper connects the literatures on partial identification, robust statistics, and choice under Knightian uncertainty.

Technical Details

RePEc Handle
repec:tpr:restat:v:98:y:2016:i:1:p:111-131
Journal Field
General
Author Count
1
Added to Database
2026-01-25