Econometrica Vol. 57 No. 6 1989
Observable Implications of Models with Multiple Equilibria
Abstract
Economic models with multiple equilibria are now so common in economics that we need a general framework for statistical inference in such models. This note offers a simple theoretical framework that can be used to organize the debate about the question of whether such a model is identified, and about the question of how much predictive content it retains
- DOI
- 10.2307/1913714
- Volume
- 57
- Issue
- 6
- Pages
- 1431
- Sources
- bibtex:phds-export.bib openalex crossref