Point Estimation of Discrete Games

Han Hong and Patrick Bajari

No 51, 2004 Meeting Papers from Society for Economic Dynamics

Abstract: We propose a method for point estimation of discrete games similar to those considered by Bresnahan and Reiss (1991). In the model, the vNM utilities are a function of observed co-variates and random preference shocks. The model also explicitly parametrizes the probability of selecting a given equilibrium. We use recently developed computational methods to find all of the equilibrium (including mixed strategies) to the game. This allows us to simulate and estimate the model in a computationally tractable manner

Keywords: normal form game; structural estimation (search for similar items in EconPapers)
JEL-codes: C1 L0 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed004:51

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