Estimating a mixed strategy employing maximum entropy

Amos Golan, Larry Karp and Jeffrey Perloff

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: Generalized maximum entropy may be used to estimate mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We use this method to estimate the mixed strategies of duopolistic airlines.

Keywords: Mixed strategies; noncooperative games; oligopoly; maximum entropy (search for similar items in EconPapers)
Date: 1996-02-01
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Related works:
Working Paper: ESTIMATING A MIXED STRATEGY EMPLOYING MAXIMUM ENTROPY (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:agrebk:qt5rx8z14p

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