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Multidimensional heterogeneity and endogeneity are important features of a wide class of econometric models. With control variables to correct for endogeneity, nonparametric identification of treatment effects requires strong support conditions. To alleviate this requirement, we consider varying...
Persistent link: https://www.econbiz.de/10015193989
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size $y$. The bargaining environment is described by a set of parameters $\lambda$ that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an...
Persistent link: https://www.econbiz.de/10005523760
Empirical tests of the Nash bargaining solution (NBS, hereafter) are developed under different hypotheses about the behavior of disagreement utility levels.
Persistent link: https://www.econbiz.de/10011065429
Consider a model of bargaining, in which two players, 1 and 2, share a pie of size y. The bargaining environment is described by a set of parameters ? that may affect agents' preferences over the agreement sharing, the status quo outcome, or both. The outcomes (i.e., whether an agreement is...
Persistent link: https://www.econbiz.de/10005696311
Persistent link: https://www.econbiz.de/10008775588
This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and …
Persistent link: https://www.econbiz.de/10010658811
This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and …
Persistent link: https://www.econbiz.de/10010665689
This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and …
Persistent link: https://www.econbiz.de/10010607593
The empirical analysis of discrete complete-information games has relied on behavioral restrictions in the form of solution concepts, such as Nash equilibrium. Choosing the right solution concept is crucial not just for identification of payoff parameters, but also for the validity and...
Persistent link: https://www.econbiz.de/10012696345
Multidimensional heterogeneity and endogeneity are important features of a wide class of econometric models. With control variables to correct for endogeneity, nonparametric identification of treatment effects requires strong support conditions. To alleviate this requirement, we consider varying...
Persistent link: https://www.econbiz.de/10015191459