A method for implementing counterfactual experiments in models with multiple equilibria

Victor Aguirregabiria ()

Economics Letters, 2012, vol. 114, issue 2, 190-194

Abstract: 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.

Keywords: Structural models with multiple equilibria; Counterfactual experiments; Equilibrium selection; Homotopy methods (search for similar items in EconPapers)
JEL-codes: C10 C60 L10 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Working Paper: A Method for Implementing Counterfactual Experiments in Models with Multiple Equilibria (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:2:p:190-194

DOI: 10.1016/j.econlet.2011.09.041

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