Creator

• Roberds, William

Series

• Working paper (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 261

Date created

• 1984-08

Abstract

• A method is presented for solving a certain class of hierarchical rational expectations models, principally models that arise from Stackelberg dynamic games. The method allows for numerical solution using spectral factorization algorithms, and estimation of these models using standard maximum likelihood techniques.

Subject (JEL)

• C13 - Estimation: General
• C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games

Keyword

• Oligopoly model
• Stackelberg dynamic game
• Rational expectations theory

Date modified

• 05/04/2020

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/wp.261

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Working Papers

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