The hospital industry is one of the most important industries in the U.S., and industry structure can have profound effects on the functioning of markets. Using county-level panel data, we study the effect of public subsidies from the Hospital Survey and Construction Act of 1946, known as the...

The hospital industry is one of the most important industries in the U.S., and industry structure can have profound effects on the functioning of markets. Using county-level panel data, we study the effect of public subsidies from the Hospital Survey and Construction Act of 1946, known as the...

Randomized controlled trials (RCTs) are routinely used in medicine and are becoming more popular in economics. Data from RCTs are used to learn about treatment effects of interest. This paper studies what one can learn about the average treatment response (ATR) and average treatment effect (ATE)...