Aristotelis Epanomeritakis, Davide Viviano
arXiv 27 Oct 2025 · Econometrics
arXiv:2510.23434 · PDF · Extracted main text
Experiments deliver credible treatment-effect estimates but, because they are costly, are often restricted to specific sites, small populations, or particular mechanisms. A common practice across several fields is therefore to combine experimental estimates with reduced-form or structural external (observational) evidence to answer broader policy questions such as those involving general equilibrium effects or external validity. We develop a unified framework for the design of experiments when combined with external evidence, i.e., choosing which experiment(s) to run and how to allocate sample size under arbitrary budget constraints. Because observational evidence may suffer bias unknown ex-ante, we evaluate designs using a minimax proportional-regret criterion that compares any candidate design to an oracle that knows the observational study bias and jointly chooses the design and estimator. This yields a transparent bias-variance trade-off that does not require the researcher to specify a bias bound and relies only on information already needed for conventional power calculations. We illustrate the framework by (i) designing cash-transfer experiments aimed at estimating general equilibrium effects and (ii) optimizing site selection for microfinance interventions.
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| 1 | Andrews, I., M. Gentzkow, and J. M. Shapiro (2020) Transparency in structural research | 1.000 | 8 | 4 | 100% |
| 2 | Todd, P. E. and K. I. Wolpin (2006) Assessing the impact of a school subsidy program in mexico: Using a social experiment to validate a dynamic behavioral model of… | 1.000 | 8 | 3 | 100% |
| 3 | Egger, D., J. Haushofer, E. Miguel, P. Niehaus, and M. Walker (2022) General equilibrium effects of cash transfers: Experimental evidence from Kenya | 1.000 | 5 | 3 | 100% |
| 4 | Gechter, M., K. Hirano, J. Lee, M. Mahmud, O. Mondal, J. Morduch, S.… (2024) Selecting experimental sites for external validity | 1.000 | 5 | 3 | 100% |
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| 10 | Gerber, A. S. and D. P. Green (2012) Field Experiments: Design, Analysis, and Interpretation | 0.843 | 3 | 3 | 100% |
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| 1 | Better Measurement or Larger Samples? Data Collection for Policy Learning with Unobserved Heterogeneity | 0.511 | 2 | 1 |