Example: stock market
Design-based Analysis in Difference-In-Differences ...
forth between being exposed or not to the treatment. In this SAD setting we are concerned with identi cation issues as well as estimation and inference. In contrast to most of the DID literature, e.g., Bertrand et al. [2004], Shah et al. [1977], Conley and Taber [2011], Donald and Lang [2007],
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