Konan Hara, Yuki Ito, Paul Koh
arXiv 7 May 2022 · Econometrics
arXiv:2205.03706 · PDF · Extracted main text
We develop an empirical framework for analyzing dynamic games when the underlying information structure is unknown to the analyst. We introduce Markov correlated equilibrium, a dynamic analog of Bayes correlated equilibrium, and show that its predictions coincide with the Markov perfect equilibrium predictions attainable when players observe richer signals than the analyst assumes. We provide tractable methods for informationally robust estimation, inference, and counterfactual analysis. We illustrate the framework with a dynamic entry game between Starbucks and Dunkin' in the US and study the role of informational assumptions.
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The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Magnolfi and Roncoroni (2023) Estimation of Discrete Games with Weak Assumptions on Information | 1.000 | 15 | 7 | 100% |
| 2 | Koh (2023) Stable Outcomes and Information in Games: An Empirical Framework self | 1.000 | 8 | 5 | 100% |
| 3 | Pesendorfer and Schmidt-Dengler (2008) Asymptotic Least Squares Estimators for Dynamic Games | 1.000 | 8 | 4 | 100% |
| 4 | Syrgkanis, Tamer and Ziani (2021) Inference on Auctions with Weak Assumptions on Information | 1.000 | 7 | 4 | 100% |
| 5 | Gualdani and Sinha (2024) Identification in discrete choice models with imperfect information | 1.000 | 7 | 3 | 100% |
| 6 | Aguirregabiria and Mira (2007) Sequential Estimation of Dynamic Discrete Games | 1.000 | 6 | 4 | 100% |
| 7 | Bergemann and Morris (2016) Bayes Correlated Equilibrium and the Comparison of Information Structures in Games | 0.956 | 8 | 4 | 88% |
| 8 | Dearing and Blevins (2025) Efficient and convergent sequential pseudo-likelihood estimation of dynamic discrete games | 0.928 | 4 | 3 | 100% |
| 9 | Montiel Olea and Plagborg-Mller (2019) Simultaneous Confidence Bands: Theory, Implementation, and an Application to SVARs | 0.843 | 4 | 3 | 75% |
| 10 | Fershtman and Pakes (2012) Dynamic Games with Asymmetric Information: A Framework for Empirical Work | 0.737 | 3 | 2 | 100% |
Showing the top 10 of 73 scored citations.