Within the fuzzy RD, the therapy effect is approximated since the jump when you look at the result at the boundary divided because of the jump into the possibility of therapy during the boundary. The latter is undefined; hence these samples are excluded from subsequent analysis for these lender processes.
First-stage discontinuity plots are shown for time perspectives of 10 times, 1 month, and a couple of 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 associated with thickness test on specific lender procedure information examples, that also are not able to reject the null for every single loan provider procedure, in on line Appendix dining dining Table B2.