A method for implementing counterfactual experiments in models with multiple equilibria

作者：Aguirregabiria Victor^*

来源：Economics Letters, 2012, 114(2): 190-194.

DOI：10.1016/j.econlet.2011.09.041

• Structural models with multiple equilibria
• Counterfactual experiments
• Equilibrium selection
• Homotopy methods

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.

• 出版日期2012-2