In many healthcare markets, physicians can influence the volume (volume response) and the composition of the services provided (substitution response). The goal and main contribution of this paper is to empirically assess the relative importance of these two behavioral channels. Our analysis is...

We estimate the impact of qualitative job characteristics on self-rated general health and the prevalence of specific illnesses. Using panel data and controlling for individual- specific effects and pre-existing health, we find that the perceived risk of unemployment, but not unemployment per...

We use the 2011 Fukushima accident to evaluate the impact of the perceived risks of nuclear power plants on apartment rents in Switzerland. Using online advertisements over 12 years and a difference-in-differences approach, we find a 2.3% price discount after the accident for apartments near...

Die Grünen wollen das Klima und die Umwelt schützen. Was tun sie, wenn sie Regierungsverantwortung innehaben? Anhand der ersten grün-geführten Landesregierung in Baden-Württemberg wird untersucht, wie eine grün-geführte Regierung Umweltziele, wie CO2-Emissionen, und andere Zielgrößen,...

We study the small sample properties of conditional quantile estimators such as classical and IV quantile regression. First, we propose a higher-order analytical framework for comparing competing estimators in small samples and assessing the accuracy of common inference procedures. Our framework...

Factorial designs are widely used for studying multiple treatments in one experiment. While "long" model t-tests provide valid inferences, t-tests using the "short" model (ignoring interactions) yield higher power if interactions are zero, but incorrect inferences otherwise. Of 27 factorial...

We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...

Factorial designs are widely used for studying multiple treatments in one experiment. While "long" model t-tests provide valid inferences, "short" model t-tests (ignoring interactions) yield higher power if interactions are zero, but incorrect inferences otherwise. Of 27 factorial experiments...