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We consider a generic environment with (potentially) multiple equilibria and analyze conditions for identification of the structural parameters. We then study conditions that allow for the estimation of both the structural parameters and the “selected equilibriumâ€. We focus on a...
Persistent link: https://www.econbiz.de/10005069301
We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimensionality implied by the...
Persistent link: https://www.econbiz.de/10009251202
We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimensionality implied by the...
Persistent link: https://www.econbiz.de/10013122650
Persistent link: https://www.econbiz.de/10009234566
We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimensionality implied by the...
Persistent link: https://www.econbiz.de/10009266750
We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimensionality implied by the...
Persistent link: https://www.econbiz.de/10012461461
Persistent link: https://www.econbiz.de/10001787263
Persistent link: https://www.econbiz.de/10002095244
Persistent link: https://www.econbiz.de/10003825325
This paper presents an empirical analysis of a choice-theoretic model of cultural transmission. In particular, we use data from the General Social Survey to estimate the structural parameters of a model of marriage and child socialization along religious lines in the United States. The observed...
Persistent link: https://www.econbiz.de/10014071970