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A Structural Analysis of Expectation Formation - Based on Business Surveys of French Manufacturing Industry (Paperback, Softcover reprint of the original 1st ed. 1991)
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A Structural Analysis of Expectation Formation - Based on Business Surveys of French Manufacturing Industry (Paperback, Softcover reprint of the original 1st ed. 1991)
Series: Lecture Notes in Economics and Mathematical Systems, 354
Expected to ship within 10 - 15 working days
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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
Promotions
|
| LSN: |
3-540-53665-5 |
| Barcode: |
9783540536659 |
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