Calculating upper and lower probability bounds on the outcomes of large entry games
Andrew Cohen
Economics Letters, 2010, vol. 107, issue 3, 324-326
Abstract:
Recently developed econometric techniques for estimating the parameters of entry games with multiple equilibria suffer significant computational constraints associated with calculating upper and lower bound entry probabilities. We provide simulation-based and analytical expressions for these probabilities, reducing this computational burden.
Keywords: Entry; games; Multiple; equilibria; Nash; equilibrium; Modified; minimum; distance; estimators (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:3:p:324-326
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