Variables | (16) | (17) |
---|---|---|
PG | PG | |
DT I(FDb it ≤ γ1) | − 0.3608*** |  |
(− 11.0865) |  | |
DT I(γ1 < FDb it ≤ γ2) | 0.2306*** |  |
(10.4761) | Â | |
DT I(γ2 < FDb it) | 0.5281*** |  |
(54.9052) | Â | |
DT I(FDc it ≤ γ) |  | − 0.5431*** |
 | (− 14.7498) | |
DT I(γ1 < FDc it ≤ γ2) |  | 0.5144*** |
 | (48.7860) | |
DT I(γ < FDc it) |  | 0.5388*** |
 | (45.7158) | |
Control | Yes | Yes |
Constant | 0.3288*** | 0.3015*** |
(17.6055) | (16.2936) | |
Observations | 33,950 | 33,950 |
Number of id | 3119 | 3119 |
R-squared | 0.131 | 0.133 |