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A Structural Analysis of Expectation Formation: Based On Business Surveys Of French Manufacturing Industry: 354 - Brossura

Ivaldi, Marc

 
9783540536659: A Structural Analysis of Expectation Formation: Based On Business Surveys Of French Manufacturing Industry: 354
Brossura
ISBN 10: 3540536655 ISBN 13: 9783540536659
Casa editrice: Springer, 2013

Sinossi

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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Dalla quarta di copertina

This book proposes a structural analysis to study the formation of production plans and the rationality of expectations. An original procedure is developed to estimate the economic model on survey data using the theory of polychoric correlation coefficient and distribution-free estimator.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Springer
Data di pubblicazione
2013
Lingua
Inglese
ISBN 10 
3540536655
ISBN 13 
9783540536659
Rilegatura
Copertina flessibile
Numero di pagine
230
Contatto del produttore
non disponibile
Persona responsabile
non disponibile