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Estimating A Mixed Strategy Employing Maximum Entropy

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  • Golan, Amos
  • Karp, Larry S.
  • Perloff, Jeffrey M.

Abstract

Generalized maximum entropy may be used to estimate mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We use this method to estimate the mixed strategies of duopolistic airlines.

Suggested Citation

  • Golan, Amos & Karp, Larry S. & Perloff, Jeffrey M., 1996. "Estimating A Mixed Strategy Employing Maximum Entropy," CUDARE Working Papers 25072, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:25072
    DOI: 10.22004/ag.econ.25072
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    References listed on IDEAS

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    5. Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers Archive 1488, Iowa State University, Department of Economics.
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    7. James A. Brander & Anming Zhang, 1990. "Market Conduct in the Airline Industry: An Empirical Investigation," RAND Journal of Economics, The RAND Corporation, vol. 21(4), pages 567-583, Winter.
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