EconBase
← All papers

Randomization Inference in Two-Sided Market Experiments

Jizhou Liu, Azeem M. Shaikh, Panos Toulis

arXiv 8 Apr 2025 · Statistics — Methodology

arXiv:2504.06215 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Randomized experiments are increasingly employed in two-sided markets, such as buyer-seller platforms, to evaluate treatment effects from marketplace interventions. These experiments must reflect the underlying two-sided market structure in their design (e.g., sellers and buyers), making them particularly challenging to analyze. In this paper, we propose a randomization inference framework to analyze outcomes from such two-sided experiments. Our approach is finite-sample valid under sharp null hypotheses for any test statistic and maintains asymptotic validity under weak null hypotheses through studentization. Moreover, we provide heuristic guidance for choosing among multiple valid randomization tests to enhance statistical power, which we demonstrate empirically. Finally, we demonstrate the performance of our methodology through a series of simulation studies.

Citation extraction

29
references
82
in-text mentions
29
distinct cited
6
self-citations
11,413
main-text words

appendix boundary found by appendix_command · 47% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Masoero, L., Vijaykumar, S., Richardson, T. S., McQueen, J., Rosen,… (2026) Multiple randomization designs: estimation and inference with interference0.97614593%
2Comola, M. and Prina, S (2021) Treatment effect accounting for network changes0.8746367%
3Puelz, D., Basse, G., Feller, A. and Toulis, P (2021) A Graph-Theoretic Approach to Randomization Tests of Causal Effects under General Interference self0.8746367%
4Zhao, A. and Ding, P (2021) Covariate-adjusted fisher randomization tests for the average treatment effect0.8434375%
5Basse, G. W., Feller, A. and Toulis, P (2019) Randomization tests of causal effects under interference self0.81142100%
6Wu, J. and Ding, P (2021) Randomization tests for weak null hypotheses in randomized experiments0.7373367%
7Bajari, P., Burdick, B., Imbens, G. W., Masoero, L., McQueen, J., Ri… (2023) Experimental Design in Marketplaces0.73732100%
8Johari, R., Li, H., Liskovich, I. and Weintraub, G. Y (2022) Experimental design in two-sided platforms: An analysis of bias0.73732100%
9Athey, S., Eckles, D. and Imbens, G. W (2018) Exact p-values for network interference0.64422100%
10Chung, E. and Romano, J. P (2013) Exact and asymptotically robust permutation tests0.64422100%

Showing the top 10 of 29 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Randomization Tests in Switchback Experiments0.40511
2Randomization Tests in Randomized Saturation Designs0.40511