000 01921cam a22003257 4500
001 w8941
003 NBER
005 20211020113215.0
006 m o d
007 cr cnu||||||||
008 210910s2002 mau fo 000 0 eng d
100 1 _aCooper, Russell W.
245 1 0 _aEstimation and Identification of Structural Parameters in the Presence of Multiple Equilibria /
_cRussell W. Cooper.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c2002.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w8941
500 _aMay 2002.
520 3 _aThis paper studies quantitative implications of model economies that exhibit multiple equilibria. The goal is to assess two interrelated issues. First, do economies with multiple equilibria have falsifiable predictions? Second, is identification possible in economies that exhibit multiple equilibria? Put differently, are these economies observationally equivalent to economies with unique equilibria? We raise these questions within a general framework and then study a series of examples to determine how the existing literature has addressed them.
530 _aHardcopy version available to institutional subscribers
538 _aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538 _aMode of access: World Wide Web.
588 0 _aPrint version record
690 7 _aE1 - General Aggregative Models
_2Journal of Economic Literature class.
690 7 _aE3 - Prices, Business Fluctuations, and Cycles
_2Journal of Economic Literature class.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w8941.
856 4 0 _uhttps://www.nber.org/papers/w8941
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w8941
942 _2ddc
_cW-PAPER
999 _c339250
_d297812