The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions

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

我们研究一类具有社会互动的通用模型，这类模型可能呈现多重均衡。我们针对这类模型提出一种估计方法，并评估其效率与计算可行性——相较于为缓解模型所隐含的维度灾难（curse of dimensionality）而采用的不同方法而言。