A method for implementing counterfactual experiments in models with multiple equilibria

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 2
Pages: 190-194

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:2:p:190-194
Journal Field
General
Author Count
1
Added to Database
2026-01-24