Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of …

This paper addresses a fundamental identification problem in the structural estimation of dynamic oligopoly models of … estimated model, despite the non-separate identification of the three primitives. Third, we show that there is a general class … illustrates how ignoring the non-identification of these counterfactuals (i.e., making a `normalization assumption' on some of the …

The paper aims at systematic placement of identification concept within Bayesian approach. Pointing to some … deficiencies of the standard Bayesian language to describe identification problem we propose several useful characterizations that … them. Moreover we introduce the concepts of uniform, marginal and faithful identification. We argue that all these concepts …