2 papers
econ.EM2025
Evaluating Counterfactual Policies Using Instruments
Michal Kolesár, José Luis Montiel Olea, Jonathan Roth
We study settings in which a researcher has an instrumental variable (IV) and seeks to evaluate the effects of a counterfactual policy that alters treatment assignment, such as a d…
econ.EM2025
Leniency Designs: An Operator's Manual
Paul Goldsmith-Pinkham, Peter Hull, Michal Kolesár
We develop a step-by-step guide to leniency (a.k.a. judge or examiner instrument) designs, drawing on recent econometric literatures. The unbiased jackknife instrumental variables…