Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144913
Authors: 
Engel, Christoph
Year of Publication: 
2016
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 2016/9
Abstract: 
A random shock excludes reverse causality and reduces omitted variable bias. Yet a natural experiment does not identify random exposure to treatment, but the reaction to a random change from baseline to treatment. A lab experiment comparing higher certainty with higher severity of punishment for stealing (holding the expected value of the intervention constant) shows that the difference between the effects of a random shock and random assignment can be pronounced.
Subjects: 
identification
random exposure
random shock
natural experiment
certainty and severity of punishment
JEL: 
C01
C12
C90
K14
Document Type: 
Working Paper

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