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Identification and Estimation of Stochastic Bargaining Models
Author(s) -
Merlo Antonio,
Tang Xun
Publication year - 2012
Publication title -
econometrica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.7
H-Index - 199
eISSN - 1468-0262
pISSN - 0012-9682
DOI - 10.3982/ecta9167
Subject(s) - identification (biology) , estimation , economics , flexibility (engineering) , econometrics , nonparametric statistics , stochastic modelling , computer science , mathematical economics , finance , botany , management , biology
Stochastic sequential bargaining models (Merlo and Wilson (1995, 1998)) have found wide applications in different fields including political economy and macroeconomics due to their flexibility in explaining delays in reaching an agreement. This paper presents new results in nonparametric identification and estimation of such models under different data scenarios.