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Download fileEstimating a mixed strategy : United and American Airlines
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posted on 2023-08-05, 08:38 authored by Amos GolanAmos Golan, Larry S. Karp, Jeffrey M. PerloffWe develop a generalized maximum entropy estimator that can estimate pure and mixed strategies subject to restrictions from game theory. This method avoids distributional assumptions and is consistent and efficient. We demonstrate this method by estimating the mixed strategies of duopolistic airlines.