Abstract This paper investigates recent developments in the literature on nonparametric instrumental variables estimation and considers the practical importance of the features of these estimators in the context of typically applied econometric models. Our primary focus is on the estimation of...

We exploit scanner data to track payment choice for grocery purchases for a large panel of households over three years. We show that households focus most of their expenditures on one or at most two of these instruments in choosing between using cash, a check, or a card, and they very rarely...

In this paper, we explicitly model and estimate the effect of paid, owned and earned media exposures, including television, online banner ad, and Facebook exposures, on purchase behavior at the household level. We use an advertising goodwill model, allowing for asymmetric decay rates for...

International narratives on Argentina's recovery from the crisis of 2001-02 tend to emphasize the role of rising commodity prices and growing demand from China. Argentina is said to have been 'lucky', saved by global demand for its agricultural exports. The international narrative has also been...