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This paper revisits an earlier estimation of an emissions market RECLAIM in Los Angeles. Different from the traditional matching approaches in Fowlie, Holland and Mansur (2012), we employ machine learning-based methods to reevaluate the average treatment effect of the program, and in this way,...
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subsectors. A stricter regulation in terms of one fewer approved application in each local market corresponds to an annual … restrictive entry regulation limits the role of entry and exit in local market dynamics and productivity growth. -- Retail trade … ; regulation ; imperfect competition ; dynamic structural model ; productivity decomposition. …
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