The treatment effect is estimated as the jump in the outcome at the boundary divided by the jump in the probability of treatment at the boundary in the fuzzy RD. Of these loan provider procedures, the latter is undefined; thus these examples are excluded from subsequent analysis.
First-stage discontinuity plots are shown for time perspectives of 10 times, thirty day period, and two years in on line Appendix Figure A1. These quotes aren’t responsive to variation within the estimation bandwidth, illustrated in Online Appendix Figure A2.
We additionally report quotes for the thickness test on specific loan provider procedure information examples, that also are not able to reject the null for every loan provider process, in on line Appendix dining dining Table B2.
The writers derive the bandwidth that is asymptotically optimal squared error loss, supplying a completely data-dependent way of selecting the bandwidth. Continue reading