Plausibly Exogenous [840] - Strategic Learning (05/06/2022)
LHS Variable
Corporate investment
RHS Variable
Peer decisions
Source of Exogenous Variation
Local exogenous variation based on historical landownership rights allocated to U.S. citizens through federal programs that followed the inclusion of the Oklahoma and Louisiana territories as states in the union
- Decaire and Wittry (2022), “Strategic Learning and Corporate Investment”