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Identification is closely related to the estimation of the model.
If an equation is identified, its coefficient can, in general, be statistically estimated. In particular:
(a) If the equation is exactly identified, the appropriate method to be used for its estimation is the method of indirect least squares.
(b) If the equation is over-identified, indirect least squares cannot be applied, because it will not yield unique estimates of the structural parameters. There are various other methods which can be used in this case, for example two-stage least squares (2SLS), or maximum likelihood methods.
Discussion in the preceding section suggests that if we want to measure a given hnction belonging to a simultaneous-equations model, the hnction must be fairly stable over the samp
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Take a news story, old or recent, and analyze it from a game theoretic perspective. Provide a hard copy of the source of your news story and consult relevant game theoretic literat
what is cooperative game model
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write a program in c that takes n number finite players using gambit format and output is to be all pure strategy nash equilibrium
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