Health care markets often lack a market force because the presence of health insurance undermines price signals. Patients have little incentive to shop for low-priced alternatives because they do not bear the full cost of their health care consumption. In turn, producers lack incentives to...

In recent years, microeconometrics experienced the "credibility revolution", culminating in the 2021 Nobel prices for David Card, Josh Angrist, and Guido Imbens. This "revolution" in how to do empirical work led to more reliable empirical knowledge of the causal effects of certain public...