The Empirical Content of Models with Multiple Equilibria

Alberto Bisin (), Andrea Moro () and Giorgio Topa ()

No 660, 2006 Meeting Papers from Society for Economic Dynamics

Abstract: 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

Keywords: multiple equilibria; identification; structural estimation; montecarlo simulations (search for similar items in EconPapers)
JEL-codes: C13 C21 J71 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm
Date: 2006-12-03
View citations in EconPapers

Downloads: (external link)
http://repec.org/sed2006/up.29797.1140028517.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:red:sed006:660

Access Statistics for this paper

More papers in 2006 Meeting Papers from Society for Economic Dynamics
Address: Society for Economic Dynamics Anne Stubing CV Starr Center for Applied Economics 269 Mercer Street, Room 303 New York University New York, NY 10003
Contact information at EDIRC.
Series data maintained by Christian Zimmermann ().