A MULTIPLEX INTERDEPENDENT DURATIONS MODEL
提出一个多重相互依赖持续时间模型，研究多个代理人在不完全信息下最优时机决策的博弈均衡，并给出识别和估计方法，适用于右删失持续时间数据。
We propose a multiplex interdependent durations model and study its empirical content. The model considers an empirical stopping game of multiple agents making optimal timing decisions with incomplete information. We characterize the unique Bayesian Nash equilibrium of the stopping game in a system of simultaneous equations involving the conditional distribution of each duration with a moderate strategic interaction condition. The system of nonlinear simultaneous equations allows us to obtain constructive identification results of the interaction effects and other nonparametric model primitives. We propose two consistent semiparametric estimation methods based on different parameterizations of modeling components with right-censored duration data.