Identification in general equilibrium
综述了从可观测变量恢复一般均衡模型中不可观测基础(如个体偏好)的理论进展,探讨了当均衡价格随禀赋变化时,如何推断偏好以及有限观测下的推断极限。
This survey covers the developments in the theory of the recoverability of unobserved fundamentals from observable variables in general equilibrium models. Concretely, suppose one observes equilibrium prices that vary with the profiles of individual endowments. What inferences can be made about individuals’ preferences? What are the local restrictions on the map, from profiles of endowments to prices? Suppose one only has finitely many observations. What inferences about individuals’ preferences can be made as the number of observations becomes large?