The empirical content of models with multiple equilibria in economies with social interactions

Research, Preprint English OPEN
Alberto Bisin; Andrea Moro; Giorgio Topa;
(2011)
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: C31 | Gesundheitsvorsorge | D12 | social interactions | Verhalten | multiple equilibria | Human behavior ; Social choice ; Health | Soziale Beziehungen | I14 | Schätztheorie
    • jel: jel:C52 | jel:C51 | jel:I1
      ddc: ddc:330

We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimen... View more
  • References (17)
    17 references, page 1 of 2

    5See Berry and Tamer (2007) for a survey of this literature.

    6See also Manski and Tamer (2002), Andrews, Berry, and Jia (2004), Ciliberto and Tamer (2009), Beresteanu, Molchanov, and Molinari (2008), and Galichon and Henry (2008). Echenique and Komunjer (2005) have results regarding the identi cation of monotone comparative statics in incomplete econometric structures.

    7See also Pakes, Ostrovsky, and Berry (2004), Pesendorfer and Schmidt-Dengler (2004), and Bajari, Benkard, and Levin (2007); see Aguirregabiria (2004) for some foundational theoretical econometric work. 8See also Fang 2006.

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