English, Article, Journal or magazine article edition: The Empirical Content of Models with Multiple Equilibria Alberto Bisin; Andrea Moro; Giorgio Topa

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Bookmark: http://trove.nla.gov.au/version/30064
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Empirical Content of Models with Multiple Equilibria
Author
  • Alberto Bisin
  • Andrea Moro
  • Giorgio Topa
Physical Description
  • preprint
Notes
  • We consider a generic environment with (potentially) multiple equilibria and analyze conditions for identification of the structural parameters. We then study conditions that allow for the estimation of both the structural parameters and the “selected equilibriumâ€. We focus on a “easy to compute†consistent 2-step estimator and use Monte Carlo methods on a model with social interactions to describe its finite sample properties
  • multiple equilibria, identification, structural estimation, montecarlo simulations
  • RePEc:red:sed006:660
Language
  • English
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