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

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)
Softcover
ISBN 10: 3540536655 ISBN 13: 9783540536659
Verlag: Springer, 2013

Inhaltsangabe

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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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.

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Verlag
Springer
Erscheinungsdatum
2013
Sprache
Englisch
ISBN 10 
3540536655
ISBN 13 
9783540536659
Einband
Tapa blanda
Anzahl der Seiten
248
Kontakt zum Hersteller
Nicht verfügbar
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Weitere beliebte Ausgaben desselben Titels

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

Vorgestellte Ausgabe

ISBN 10:  0387536655 ISBN 13:  9780387536651
Hardcover