TY - JOUR
T1 - Equilibrium Behaviour in Markets and Games: Testing, Identification and Comparative Statistics
AU - Ray, Indrajit
AU - Carvajal, A
AU - Snyder, S
PY - 2004/1/1
Y1 - 2004/1/1
N2 - We provide a selective survey of the recent literature on the empirical implications of individually rational behavior in markets and games. We concentrate on work that develops empirical implications while making as few parametric assumptions as possible. We focus on two major themes: 1. the testable restrictions on the equilibrium manifold and the identification of economic fundamentals from the equilibrium manifold; and 2. the implications of the revealed preference theory of individual behavior for aggregated data. (C) 2003 Elsevier B.V. All rights reserved.
AB - We provide a selective survey of the recent literature on the empirical implications of individually rational behavior in markets and games. We concentrate on work that develops empirical implications while making as few parametric assumptions as possible. We focus on two major themes: 1. the testable restrictions on the equilibrium manifold and the identification of economic fundamentals from the equilibrium manifold; and 2. the implications of the revealed preference theory of individual behavior for aggregated data. (C) 2003 Elsevier B.V. All rights reserved.
UR - http://www.scopus.com/inward/record.url?scp=0742302575&partnerID=8YFLogxK
U2 - 10.1016/j.jmateco.2003.06.001
DO - 10.1016/j.jmateco.2003.06.001
M3 - Article
VL - 40
SP - 1
EP - 40
JO - Journal of Mathematical Economics
JF - Journal of Mathematical Economics
IS - 1-2
ER -