On Testability Of Complementarity In Models With Multiple Equilibria
This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and Komunjer (2009). We find that Echenique and Komunjer's (2009) testable implications on extreme quantiles can be implied by a weaker version of their tail condition without complementarity, and on the other hand, a slightly stronger version of complementarity implies their testable implications without the tail condition.
|Date of creation:||Feb 2013|
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- Ivana Komunjer & Federico Echenique, 2004.
"Testing Models with Multiple Equilibria by Quantile Methods,"
Econometric Society 2004 North American Summer Meetings
447, Econometric Society.
- Federico Echenique & Ivana Komunjer, 2009. "Testing Models With Multiple Equilibria by Quantile Methods," Econometrica, Econometric Society, vol. 77(4), pages 1281-1297, 07.
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