Identification and Estimation of Normal Form Games
نویسندگان
چکیده
We discuss the identification and estimation of normal form games. Following Bresnahan and Reiss (1990, 1991) utilities are a function of strategies, observed covariates, and random preference shocks. We also include an equilibrium selection rule as part of our model. Using recent algorithms to compute all of the Nash equilibrium to a game, we propose simulation-based estimators for parametric games. We also study nonparametric identification of the model parameters. With appropriate exclusions restrictions about which variables can influence payoffs and the selection of equilibrium, we establish that the model is identified with minimal parametric assumptions. 1 Affiliations: BajariDuke University Department of Economics and NBER, Hong and RyanDuke University Department of Economics. This research was funded in part by National Science Foundation grants to Bajari and Hong.
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تاریخ انتشار 2004