Книга Structural Analysis of Expectation Formation Marc Ivaldi

Structural Analysis of Expectation Formation

Based on Business Surveys of French Manufacturing Industry

Автор: Marc Ivaldi
Език: Английски език
Корици: С меки корици
Наличност: Външен склад
Изпращаме след 5-8 дни
52.77 103.22 лв
Using panel data of individual firms drawn from French surveys, a structural analysis is developed t...

Информация за книгата

Автор
Език
Английски език
Корици
Книга - С меки корици
Издадена
1991
страници
230
EAN
9783540536659
ISBN
3540536655
Enbook ID
06808437
Теглоt
435
Размери
170 x 244 x 14

Пълно описание

Using panel data of individual firms drawn from French surveys, a structural analysis is developed to study the formation of production plans and the rationality of expectations. The production decision of a firm is defined as the optimal solution of a dynamic stochastic optimization problem. The empirical work amounts to recovering the structural parameters characterizing the model of the firm from estimates of the derived decision rule. The preceding analysis of production plans is based on the assumption that firms are rational. To justify this assumption, direct tests offer evidence that the Rational Expectations Hypothesis may not be rejected for quantity variables.

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