Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/79540 
Year of Publication: 
2012
Series/Report no.: 
cemmap working paper No. CWP29/12
Publisher: 
Centre for Microdata Methods and Practice (cemmap), London
Abstract: 
This article reviews the recent literature on the econometric analysis of games where multiple solutions are possible. Multiplicity does not necessarily preclude the estimation of a particular model (and in certain cases even improves its identification), but ignoring it can lead to misspecifications. The survey starts with a general characterization of structural models that highlights how multiplicity a.ects the classical paradigm. Because the information structure is an important guide to identification and estimation strategies, I discuss games of complete and incomplete information separately. Whereas many of the techniques discussed in the article can be transported across different information environments, some of them are specific to particular models. I also survey models of social interactions in a di.erent section. I close with a brief discussion of post-estimation issues and research prospects.
Subjects: 
Identification
multiplicity
games
social interactions
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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