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this game. In this paper, I consider Rubinstein and Wolinsky's model and show that if the complexity costs of implementing … matching models. Thus the paper demonstrates that complexity costs might have a role in providing a justification for the …
Persistent link: https://www.econbiz.de/10005593559
In a typical empirical modeling context, the data generating process (DGP) of a time series is assumed to be known up to a finite-dimensional parameter. In such cases, Rissanen's (1986) theorem provides a lower bound for the empirically achievable distance between all possible data-based models...
Persistent link: https://www.econbiz.de/10005464029