This paper proposes a method for implementing counterfactual experiments in estimated models that have multiple equilibria. The method assumes that the researcher does not know the equilibrium selection mechanism and wants to impose minimum restrictions on it. Our key assumption is that the...

This paper proposes a method for implementing counterfactual experiments in estimated models that have multiple equilibria. The method assumes that the researcher does not know the equilibrium election mechanism and wants to impose minimum restrictions on it. Our key assumption is that the...

This paper proposes a homotopy method for implementing counterfactual experiments in empirical models with multiple equilibria. A key assumption is that the equilibrium selection function does not jump discontinuously between equilibria as we continuously change the structural parameters.