ON TESTABILITY OF COMPLEMENTARITY IN MODELS WITH MULTIPLE EQUILIBRIA

Taisuke Otsu and Yoshiyasu Rai

STICERD - Econometrics Paper Series from Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Abstract: This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and Komunjer (2009). We find that Echenique and Komunjer's (2009) testable implications on extreme quantiles can be implied by a weaker version of their tail condition without complementarity, and on the other hand, a slightly stronger version of complementarity implies their testable implications without the tail condition.

Keywords: Complementarity; Testability; Quantile. (search for similar items in EconPapers)
JEL-codes: C10 (search for similar items in EconPapers)
Date: 2013-02
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Journal Article: On testability of complementarity in models with multiple equilibria (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:stiecm:560

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