?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F18477%2F&rft.title=Identification+of+Counterfactuals+and+Payoffs+in+Dynamic+Discrete+Choice+with+an+Application+to+Land+Use&rft.creator=Kalouptsidi%2C+Myrto&rft.creator=Scott%2C+Paul&rft.creator=Souza-Rodrigues%2C+Edouardo&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=Dynamic+discrete+choice+models+are+non-parametrically+not+identified+without+restrictions+on+payoff+functions%2C+yet+counterfactuals+may+be+identified+even+when+payoffs+are+not.+We+provide+necessary+and+sufficient+conditions+for+the+identification+of+a+wide+range+of+counterfactuals+for+models+with+nonparametric+payoffs%2C+as+well+as+for+commonly+used+parametric+functions%2C+and+we+obtain+both+positive+and+negative+results.+We+show+that+access+to+extra+data+of+asset+resale+prices+(when+applicable)+can+solve+non-identifiability+of+both+payoffs+and+counterfactuals.+The+theoretical+findings+are+illustrated+empirically+in+the+context+of+agricultural+land+use.+First%2C+we+provide+identification+results+for+models+with+unobserved+market-level+state+variables.+Then%2C+using+a+unique+spatial+dataset+of+land+use+choices+and+land+resale+prices%2C+we+estimate+the+model+and+investigate+two+policy+counterfactuals%3A+long+run+land+use+elasticity+(identified)+and+a+fertilizer+tax+(not+identified%2C+affected+dramatically+by+restrictions).&rft.publisher=TSE+Working+Paper&rft.date=2015-08&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F18477%2F1%2Fwp_tse_596.pdf&rft.identifier=++Kalouptsidi%2C+Myrto%2C+Scott%2C+Paul+%3Chttps%3A%2F%2Fwww.idref.fr%2F241586984%3E+and+Souza-Rodrigues%2C+Edouardo++(2015)+Identification+of+Counterfactuals+and+Payoffs+in+Dynamic+Discrete+Choice+with+an+Application+to+Land+Use.++TSE+Working+Paper%2C+n.+15-596%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F29623&rft.language=en