2 papers
econ.EM2026
Robust Likelihood Ratio Tests for Incomplete Economic Models
Hiroaki Kaido, Yi Zhang
Economic models with multiple equilibria, self-selection, or weak behavioral restrictions often make set-valued predictions and therefore do not imply a unique likelihood. This pap…
econ.EM2026
Information Based Inference in Models with Set-Valued Predictions and Misspecification
Hiroaki Kaido, Francesca Molinari
This paper proposes an information-based inference method for partially identified parameters in incomplete models that is valid both when the model is correctly specified and when…