Observable Implications of Models with Multiple Equilibria
为经济学中常见的多重均衡模型提供了一个统计推断的理论框架,帮助研究者判断模型是否可识别及其预测能力。
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