Bai, Yuehao; Huang, Shunzhuang; Moon, Sarah; Shaikh, … - National Bureau of Economic Research - 2024
In the context of a binary outcome, treatment, and instrument, Balke and Pearl (1993, 1997) establish that the monotonicity condition of Imbens and Angrist (1994) has no identifying power beyond instrument exogeneity for average potential outcomes and average treatment effects in the sense that...