ERC Starting Grant · 2016
Econometrics for Public Policy: Sampling, Estimation, Decision, and Applications
One of the ultimate goals of economics is to inform a policy that improves welfare. Despite that the vast amount of empirical works in economics aims to achieve this goal, the current state of the art in econometrics is silent about concrete recommendation for how to estimate the welfare maximizing policy. This project addresses statistically optimal and practically useful ways to learn the welfare-maximizing policy from data by developing novel econometric frameworks, sampling design, and estimation approaches that can be applied to a wide range of policy design problems in reality. Development of econometric methods for optimal empirical policy design proceeds by answering the following…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.