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Estimating Supermodular Games Using Rationalizable Strategies

In: Structural Econometric Models

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  • Kosuke Uetake
  • Yasutora Watanabe

Abstract

We propose a set-estimation approach to supermodular games using the restrictons of rationalizable strategies, which is a weaker solution concept than Nash equilibrium. The set of rationalizable strategies of a supermodular game forms a complete lattice, and are bounded above and below by two extremal Nash equilibria. We use a well-known alogrithm to compute the two extremal equilibria, and then construct moment inequalities for set estimation of the supermodular game. Finally, we conduct Monte Carlo experiments to illustrate how the estimated confidence sets vary in response to changes in the data generating process.

Suggested Citation

  • Kosuke Uetake & Yasutora Watanabe, 2013. "Estimating Supermodular Games Using Rationalizable Strategies," Advances in Econometrics, in: Structural Econometric Models, volume 31, pages 233-247, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aecozz:s0731-9053(2013)0000032008
    DOI: 10.1108/S0731-9053(2013)0000032008
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    Citations

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    Cited by:

    1. Miyauchi, Yuhei, 2016. "Structural estimation of pairwise stable networks with nonnegative externality," Journal of Econometrics, Elsevier, vol. 195(2), pages 224-235.

    More about this item

    Keywords

    Supermodular games; rationalizability; moment inequalities; C13; C81;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access

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