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In many cases we are interested in only one (or a few) of the equations of the model and attempts to measure its parameters statistically without a complete knowledge of the entire model. Under these circumstances as the structure of the model is not known, identification of the relationship cannot be established by applying the order and rank conditions. In such cases ideritification is established imposing certain restrictions on the values of some parameters in some equations.
The restriction on the values ol" the parameters can be in any of the following forms:
1) Zero restrictions.
2) Equality restrictions, or other linear relationship between some of the parameters.
3) Exi. -neous estimates of some parameters.
Extraneous Estimates If some parameters are identified, while others are not and there exists information on their value from other (extraneous) sources, the researcher may pro
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A strategy is dominated if, no matter what the other players do, the strategy earns a player a smaller payoff than another strategy. Hence, a method is dominated if it's invariably
Identification is closely related to the estimation of the model. If an equation is identified, its coefficient can, in general, be statistically estimated. In particula
Find Pure Nash Equilibria 1. Consider a two-player game in which player 1 chooses the strategy x 1 from the closed interval [-1, 1] while player 2 chooses the strategy x 2 fr
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