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Payoff heterogeneity weakens positive feedback in binary choice models in two ways. First, heterogeneity drives … or guarantee a unique equilibrium. In games with an unbounded, continuous choice space, heterogeneity may either weaken … phenomena derived in representative agent models will often be robust to heterogeneity …
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heterogeneity of boards can change the way of communication between the board and the CEO, related to different ways of decision …
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This paper studies the identification of players' preferences and beliefs in empirical applications of discrete choice games using experimental data. The experiment comprises a set of games with similar features (e.g., two-player coordination games) where each game has different values for the...
Persistent link: https://www.econbiz.de/10012957526
We study nonparametric identification of single-agent discrete choice models for bundles (without requiring bundle-specific prices) and of binary games of complete information. We show that these two models are quite similar from an identification standpoint. Moreover, they are mathematically...
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