A Structural Analysis of Expectation Formation - Based on Business Surveys of French Manufacturing Industry (Paperback, Softcover reprint of the original 1st ed. 1991)

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.

General

Imprint:	Springer-Verlag
Country of origin:	Germany
Series:	Lecture Notes in Economics and Mathematical Systems, 354
Release date:	March 1991
First published:	1991
Authors:	Marc Ivaldi
Dimensions:	244 x 170 x 13mm (L x W x T)
Format:	Paperback
Pages:	230
Edition:	Softcover reprint of the original 1st ed. 1991
ISBN-13:	978-3-540-53665-9
Categories:	Books > Business & Economics > Economics > Econometrics > General
LSN:	3-540-53665-5
Barcode:	9783540536659

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