Equilibrium multiplicity in dynamic games: testing and estimation

Taisuke Otsu and Martin Pesendorfer

STICERD - Econometrics Paper Series from Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Abstract: This paper surveys the recent literature on dynamic games estimation when there is a concern of equilibrium multiplicity. We focus on the questions of testing for equilibrium multiplicity and estimation in the presence of multiplicity.

Keywords: Dynamic Markov game; Multiplicity of equilibria (search for similar items in EconPapers)
JEL-codes: C12 C72 D44 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-ecm, nep-gth and nep-ore
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https://sticerd.lse.ac.uk/dps/em/em618.pdf (application/pdf)

Related works:
Working Paper: Equilibrium multiplicity in dynamic games: testing and estimation (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:stiecm:618

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