A Structural Analysis of Expectation Formation: Based On Business Surveys Of French Manufacturing Industry: 354 (Lecture Notes in Economics and Mathematical Systems, 354) - Tapa blanda

Ivaldi, Marc

 
9783540536659: A Structural Analysis of Expectation Formation: Based On Business Surveys Of French Manufacturing Industry: 354 (Lecture Notes in Economics and Mathematical Systems, 354)

Sinopsis

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.

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

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.

"Sobre este título" puede pertenecer a otra edición de este libro.

Otras ediciones populares con el mismo título

9780387536651: A Structural Analysis of Expectation Formation Based on Business Surveys of French Manufacturing Industry (Lecture Notes in Economics & Mathematical Systems)

Edición Destacada

ISBN 10:  0387536655 ISBN 13:  9780387536651
Tapa dura