Title of article
Local equilibria in economic games
Author/Authors
Al?s-Ferrer، Carlos نويسنده , , Ania، Ana B. نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-164
From page
165
To page
0
Abstract
We analyse the finite sample properties of a QML estimator of LMSV models. We show up its poor performance for realistic parameter values. We discuss an identification problem when the volatility has a unit root. An empirical analysis illustrates our findings.
Keywords
Nash equilibrium , ESS , Cournot , screening
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21627
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