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Estimation of econometric models of some discrete games
Author(s) -
Kooreman Peter
Publication year - 1994
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/jae.3950090303
Subject(s) - stackelberg competition , econometrics , econometric model , discrete choice , economics , outcome (game theory) , estimation , sample (material) , pareto principle , nash equilibrium , instrumental variable , mathematical economics , chemistry , operations management , management , chromatography
This paper discusses, estimates and compares some microeconometric models for simultaneous discrete endogenous variables. The models are based on the assumption that observed endogenous variables represent the outcome of a static discrete game. I discuss models based on non‐cooperative equilibrium concepts (Nash, Stackelberg), as well as models which presume Pareto optimality of observed outcomes. The models are estimated using data on the joint labor force participation decisions of husbands and wives in a sample of Dutch households.