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Equilibrium multiplicity in dynamic games: Testing and estimation

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  • Taisuke Otsu
  • Martin Pesendorfer

Abstract

SummaryThis paper surveys the recent literature on dynamic games estimation when there is a concern of equilibrium multiplicity. We focus on the questions of testing for equilibrium multiplicity and estimation in the presence of multiplicity.

Suggested Citation

  • Taisuke Otsu & Martin Pesendorfer, 2023. "Equilibrium multiplicity in dynamic games: Testing and estimation," The Econometrics Journal, Royal Economic Society, vol. 26(1), pages 26-42.
    • Handle: RePEc:oup:emjrnl:v:26:y:2023:i:1:p:c26-c42.
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    File URL: http://hdl.handle.net/10.1093/ectj/utac006
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    1. Suguru Otani, 2024. "Industry Dynamics with Cartels: The Case of the Container Shipping Industry," Discussion Paper Series DP2024-28, Research Institute for Economics & Business Administration, Kobe University.
    2. Amine C-L. Ouazad, 2024. "Equilibrium Multiplicity: A Systematic Approach using Homotopies, with an Application to Chicago," Papers 2401.10181, arXiv.org.
    3. Suguru Otani, 2024. "Industry Dynamics with Cartels: The Case of the Container Shipping Industry," Papers 2407.15147, arXiv.org.

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