19 citations · 26 across the 17 of their papers we have counts for
3 papers · 1 filter
Characterizing Optimality in Dynamic Settings: A Monotonicity-based Approach
Zhuokai Huang, Demian Pouzo, Andrés Rodríguez-Clare
We develop a novel analytical method for studying optimal paths in dynamic optimization problems under general monotonicity conditions. The method centers on a locator function --…
Berk-Nash Rationalizability
Ignacio Esponda, Demian Pouzo
We introduce Berk--Nash rationalizability, a set-valued counterpart to Berk--Nash equilibrium for environments in which agents may hold misspecified models. A set of behaviors is s…
On the Robustness of Mixture Models in the Presence of Hidden Markov Regimes with Covariate-Dependent Transition Probabilities
Demian Pouzo, Martin Sola, Zacharias Psaradakis
This paper studies the robustness of quasi-maximum-likelihood (QML) estimation in hidden Markov models (HMMs) when the regime-switching structure is misspecified. Specifically, we…