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Equilibrium multiplicity in dynamic games: testing and estimation

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  • Otsu, Taisuke
  • Pesendorfer, Martin

Abstract

This paper surveys the recent literature on dynamic games estimation when there is a concern of equilibrium multiplicity. We focus on the questions of testing for equilibrium multiplicity and estimation in the presence of multiplicity.

Suggested Citation

  • Otsu, Taisuke & Pesendorfer, Martin, 2023. "Equilibrium multiplicity in dynamic games: testing and estimation," LSE Research Online Documents on Economics 113588, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:113588
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    More about this item

    Keywords

    equilibrium multiplicity; dynamic game; partial identification; set inference; OUP deal;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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