A method for implementing counterfactual experiments in models with multiple equilibria

被引：6

作者：

Aguirregabiria, Victor ^{[1
]}

机构：

[1] Univ Toronto, Dept Econ, Toronto, ON M5S 3G7, Canada

来源：

ECONOMICS LETTERS | 2012年 / 114卷 / 02期

关键词：

Structural models with multiple equilibria; Counterfactual experiments; Equilibrium selection; Homotopy methods; DYNAMIC-GAMES; ESTIMATORS;

D O I：

10.1016/j.econlet.2011.09.041

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper proposes a homotopy method for implementing counterfactual experiments in empirical models with multiple equilibria. A key assumption is that the equilibrium selection function does not jump discontinuously between equilibria as we continuously change the structural parameters. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：190 / 194

页数：5

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