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Additional info for A New Institution Economics Approach to Contracts and Cooperatives
466–467), as their discussion suggests. We replicated all of their ﬁndings in Stata.
30. Ninety-two percent of the enlisted personnel accepted the lump-sum, and 51% of the ofﬁcers. However, these acceptance rates varied with the interest rates offered, particularly for enlisted personnel. 31. The single probit regression results reported by WP were implemented using SAS, and the bivariate probit results implemented using LIMDEP. It turns out that the speciﬁc bivariate probit model they implemented is a probit model with sample selection modeled as a probit equation as well (Greene, 1995, pp.
I reject both views. The ﬁrst is simply false: the rules of the game for an internally valid experiment would have been no harder to implement. The second entails a curious logic: it is precisely when the policy stakes are the highest, because of the external validity of the exercise, that control is needed the most to avoid inferences based on unknown confounds. 3. 1. Bohm (1972) Bohm (1972) is a landmark study that had a great impact on many researchers in the areas of ﬁeld public good valuation and experimentation on the extent of free-riding.