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New results on the identification of stochastic bargaining models

Antonio Merlo () and Xun Tang

Journal of Econometrics, 2019, vol. 209, issue 1, 79-93

Abstract: We present new identification results for stochastic sequential bargaining models when the data only reports the time of agreement and the evolution of observable states. With no information on the stochastic surplus available for allocation or how it is allocated under agreement, we recover the latent surplus process, the distribution of unobservable states, and the equilibrium outcome in counterfactual contexts. The method we propose, which is constructive and original, can also be adapted to establish identification in general optimal stopping models.

Keywords: Nonparametric identification; Stochastic sequential bargaining (search for similar items in EconPapers)
JEL-codes: C14 C73 C78 (search for similar items in EconPapers)
Date: 2019
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Journal of Econometrics is currently edited by T. Amemiya, A. R. Gallant, J. F. Geweke, C. Hsiao and P. M. Robinson

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