Set identification in models with multiple equilibria

We propose a computationally feasible way of deriving the identified set of parameter values in models with multiple equilibria, with particular emphasis on oligopoly entry models. This is achieved through an equivalence result between the existence of an equilibrium selection mechanism compatible with the observed data and a set of inequalities, and through an appeal to efficient linear programming techniques.

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Year of publication:	2011
Authors:	Henry, Marc ; Galichon, Alfred
Institutions:	Department of Economics, Sciences économiques

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Extent:	application/pdf
Series:	Sciences Po Economics Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Review of Economic Studies, 2011, vol. 78, pp.1264-1298
Classification:	C13 - Estimation ; C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010756411