| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17196 |
| 来源ID | Working Paper 17196 |
| The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions | |
| Alberto Bisin; Andrea Moro; Giorgio Topa | |
| 发表日期 | 2011-07-08 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We study a general class of models with social interactions that might display multiple equilibria. We propose an estimation procedure for these models and evaluate its efficiency and computational feasibility relative to different approaches taken to the curse of dimensionality implied by the multiplicity. Using data on smoking among teenagers, we implement the proposed estimation procedure to understand how group interactions affect health-related choices. We find that interaction effects are strong both at the school level and at the smaller friends-network level. Multiplicity of equilibria is pervasive at the estimated parameter values, and equilibrium selection accounts for about 15 percent of the observed smoking behavior. Counterfactuals show that student interactions, surprisingly, reduce smoking by approximately 70 percent with respect to the equilibrium smoking that would occur without interactions. |
| 主题 | Econometrics ; Estimation Methods ; Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w17196 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574871 |
| 推荐引用方式 GB/T 7714 | Alberto Bisin,Andrea Moro,Giorgio Topa. The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17196.pdf（692KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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