Selection on Welfare Gains: Experimental Evidence from Electricity Plan Choice

Stéphane Bonhomme
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Stéphane Bonhomme: University of Chicago

No 2021-15, Working Papers from Becker Friedman Institute for Research In Economics

Abstract: How much do individuals contribute to team output? I propose an econometric framework to quantify individual contributions when only the output of their teams is observed. The identification strategy relies on following individuals who work in different teams over time. I consider two production technologies. For a production function that is additive in worker inputs, I propose a regression estimator and show how to obtain unbiased estimates of variance components that measure the contributions of heterogeneity and sorting. To estimate nonlinear models with complementarity, I propose a mixture approach under the assumption that individual types are discrete, and rely on a mean-field variational approximation for estimation. To illustrate the methods, I estimate the impact of economists on their research output, and the contributions of inventors to the quality of their patents.

Keywords: Team production; networks; unobserved heterogeneity; sorting; comple-mentarity (search for similar items in EconPapers)
JEL-codes: C13 J31 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2021
New Economics Papers: this item is included in nep-lma and nep-ore
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