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Covariate Adjustment in Experiments with Matched Pairs

Bai, Yuehao; Jiang, Liang; Romano, Joseph P.; Shaikh, Azeem - 2023

This paper studies inference on the average treatment effect in experiments in which treatment status is determined according to “matched pairs” and it is additionally desired to adjust for observed, baseline covariates to gain further precision. By a “matched pairs” design, we mean that...

Persistent link: https://www.econbiz.de/10014260922

Double Conditioning : The Hidden Connection between Bayesian and Classical Statistics

Manganelli, Simone - 2023

judgmental decision is optimal and, in case of rejection, move to the closest boundary of the confidence interval, for a given … confidence level. The second conditioning reveals that Bayesian decision makers have an ex ante confidence level equal to one …

Persistent link: https://www.econbiz.de/10014260937

The Subjective Costs of Health Losses Due to Chronic Diseases : An Alternative Model Appraisal

Ferrer-i-Carbonell, Ada; van Praag, B.M.S - 2023

This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in health status. The paper presents estimates of the equivalent income change that would be necessary to change general satisfaction with life to the same extent as a change in...

Persistent link: https://www.econbiz.de/10014260944

Foreign Physicians : Discriminatory Patient Preferences and Doctor Availability

Walker, Brigham; Wisniewski, Janna; Tinkler, Sarah; … - 2023

Roughly a quarter of physicians in the United States are either international medical graduates (IMGs) or foreign-born physicians (FBPs). We propose a theoretical model where patient preferences that disfavor IMGs and FBPs may result in those physicians offering better access to their services...

Persistent link: https://www.econbiz.de/10014260945

Progressive Taxation, Commuting Costs and Residential Decisions in Fiscally Decentralized Cities

Mauri, Nicola; Jeremy, Zuchuat - 2023

Decentralized taxation and commuting affect numerous dimensions of economic activity, but how they jointly shape residential decisions and spatial income sorting is still not well understood. We develop a structural model of individual location choices in a fiscally decentralized monocentric...

Persistent link: https://www.econbiz.de/10014260968

Urban Regulation and Land Prices : A Demand Side Interpretation

Garza, Nestor; Tovar Vanegas, Rafael; Barandica Angulo, … - 2023

We develop and test a demand-side theory of the effect of regulation on land prices, where regulation determines higher … urban environment quality by city sections. Our theory opposes supply-side neoclassical models where regulation increases …’. We find that Minimum Lot Front and FAR regulation behave according to our theory, while Architectural …

Persistent link: https://www.econbiz.de/10014260970

Are Fiscal Rules Efficient on Public Debt Restraint in the Presence of Shadow Economy?

Mara, Eugenia Ramona; Maran, Raluca - 2023

This paper provides an analysis of the role played by fiscal rules and the shadow economy on the evolution of public debt. Thus, we investigate the effectiveness of fiscal rules in limiting the level of indebtedness considering the presence of a shadow economy for 194 advanced, emerging, and...

Persistent link: https://www.econbiz.de/10014260971

Revolutionary Constitutions : Are They Revolutionary in Terms of Constitutional Design?

Callais, Justin T; Young, Andrew T. - 2023

We use Comparative Constitutions Project (CCP) data to explore whether Constitutions that follow revolutions are designed differently. We employ matching methods using 31 treatments (revolutionary Constitutions) and 162 control units (new Constitutional adoptions without a revolution). We find...

Persistent link: https://www.econbiz.de/10014260977

Policy Gradient Learning Methods for Stochastic Control with Exit Time and Applications to Share Repurchase Pricing

Hamdouche, Mohamed; Henry-Labordere, Pierre; Pham, Huyên - 2023

We develop policy gradients methods for stochastic control with exit time in a model-free setting. We propose two types of algorithms for learning either directly the optimal policy or by learning alternately the value function (critic) and the optimal control (actor). The use of randomized...

Persistent link: https://www.econbiz.de/10014260982

Optimizing Fraud Deterrence by Locating Corporate Scienter in Corporate Design

Erickson, Emily - 2023

In the context of section 10(b) securities fraud class actions, conceptualizing corporate intent is both an unnatural and a necessary exercise. Courts apply a variety of different approaches, but their reasoning is generally grounded in principles of agency law; circuit courts typically impute...

Persistent link: https://www.econbiz.de/10014260987