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Taisuke Otsu and Martin Pesendorfer
Published 26 October 2021
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.
Paper Number EM618:
Download PDF - Equilibrium multiplicity in dynamic games: testing and estimation
JEL Classification: C12; C72; D44