Radean, Marius (2021) 'Negotiations in the Shadow of Outside Alternatives: An Estimation Strategy.' Sociological Methods and Research (2). pp. 597-626. ISSN 0049-1241
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Abstract
Many political and socio-economic binary outcomes are the result of multi-actor interaction: states joining a given international institution (e.g., military alliance, economic block) and not its rivals, people entering the workforce as an employee of a specific firm and not of its competitors, etc. Yet, most empirical studies analyze multilateral phenomena as the (joint) binary choice of either a single or, at most, two decision-makers. This is due in part to a lack of empirical estimators that can efficiently deal with multi-actor interaction. Analyzing multilateral processes as a set of either monadic or dyadic events, though, introduces bias, and has important consequences for the estimates and ultimately the inferences that one would draw. In this paper, I develop a new empirical estimator that is specifically designed to analyze multiparty interactions. Specifically, the model can accommodate the input of multiple actors into a unified, overarching decision making process. Results from a Monte Carlo analysis and an application to real data on alliance formation demonstrate the superior performance of the new estimator relative to the standard approach.
Item Type: | Article |
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Uncontrolled Keywords: | partial observability models, limited dependent variable, multiparty interactions, conditional logit, joint binary decisions |
Subjects: | J Political Science > JA Political science (General) |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Government, Department of |
SWORD Depositor: | Elements |
Depositing User: | Elements |
Date Deposited: | 05 Sep 2018 13:13 |
Last Modified: | 06 Jan 2022 13:52 |
URI: | http://repository.essex.ac.uk/id/eprint/22795 |
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