This paper is motivated by the US freight railroad industry, which is characterized by a major restructuring over the last 30 years. In particular, the number of active firms decreased from 26 in 1978 to seven in 2006 due to several takeover waves. The empirical focus concerns the estimation of...

Often, the moment of a treatment and the moment at which the outcome of interest occurs are realizations of stochastic processes with dependent unobserved determinants. Notably, both treatment and outcome are characterized by the moment they occur. We compare different methods of inference of...

By comparing the Bundesbank's BOP-HH and the ECB's CES-ECB household panel surveys focusing on inflation perceptions and expectations with omnibus surveys conducted in Germany in December 2021 and 2022, this paper examines potential sample selection bias stemming from (i) individuals'...