کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5077783 1477306 2017 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
On the non-identification of counterfactuals in dynamic discrete games
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
On the non-identification of counterfactuals in dynamic discrete games
چکیده انگلیسی


- We review recent results on the identification of counterfactuals for dynamic discrete choice models.
- We also extend these results to dynamic games and illustrate with a duopoly entry game.

In single-agent dynamic discrete choice models, counterfactual behavior is identified for some (but not all) counterfactuals despite the fact that the models themselves are under-identified. We review recent results on the identification of counterfactuals in dynamic discrete choice settings. When it comes to dynamic discrete games, we argue that counterfactuals are not identified, even when analogous counterfactuals of single-agent models are identified. Using the example of a duopoly entry game, we explain why strategic considerations undermine the identification of counterfactual equilibria in dynamic games.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 50, January 2017, Pages 362-371
نویسندگان
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