New results on the identification of stochastic bargaining models
2019
Merlo, Antonio | Tang, Xun
We present new identification results for stochastic sequential bargaining models when the data only reports the time of agreement and the evolution of observable states. With no information on the stochastic surplus available for allocation or how it is allocated under agreement, we recover the latent surplus process, the distribution of unobservable states, and the equilibrium outcome in counterfactual contexts. The method we propose, which is constructive and original, can also be adapted to establish identification in general optimal stopping models.
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书目信息
Journal of econometrics
卷
209
期
1
页码
79
- 93
ISSN
0304-4076
出版者
Elsevier B.V.
其它主题
C14; C73; Nonparametric identification; Stochastic sequential bargaining; Economic theory; C78
语言
英语
类型
Journal Article; Text
2024-02-28
MODS