proposes a reduced-form approach, based on quantal response functions that replace the best-response functions underlying the … example that they imply economically sensible restrictions on data consistent with laboratory observations. The reduced-form … approach allows for a richer set of regular quantal response functions, which has proven useful for estimation purposes. …

proposes a reduced-form approach, based on quantal response functions that replace the best-response functions underlying the … example that they imply economically sensible restrictions on data consistent with laboratory observations. The reduced-form … approach allows for a richer set of regular quantal response functions, which has proven useful for estimation purposes …

effects of dividend policies and taxes. The motivation of the reduced form approach lies in its empirical implementation …