On testability of complementarity in models with multiple equilibria

Rai, Yoshiyasu and Otsu, Taisuke ORCID: 0000-0002-2307-143X (2013) On testability of complementarity in models with multiple equilibria. Economics Letters, 120 (1). pp. 79-82. ISSN 0165-1765

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Abstract

This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and Komunjer (2009). We find that Echenique and Komunjer's (2009) testable implications on extreme quantiles can be implied by a weaker version of their tail condition without complementarity, and on the other hand, a slightly stronger version of complementarity implies their testable implications without the tail condition.

Item Type:	Article
Official URL:	http://www.journals.elsevier.com/economics-letters...
Additional Information:	© 2013 Elsevier B.V.
Divisions:	Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	A - General Economics and Teaching > A1 - General Economics
Date Deposited:	16 May 2013 11:27
Last Modified:	01 Nov 2024 05:23
URI:	http://eprints.lse.ac.uk/id/eprint/50273

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