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

M. Ivaldi

 
9780387536651: A Structural Analysis of Expectation Formation Based on Business Surveys of French Manufacturing Industry (Lecture Notes in Economics & Mathematical Systems)
Hardcover
ISBN 10: 0387536655 ISBN 13: 9780387536651
Publisher: Springer Verlag, 1991

Synopsis

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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Publisher
Springer Verlag
Publication date
1991
Language
English
ISBN 10 
0387536655
ISBN 13 
9780387536651
Binding
Hardcover
Number of pages
230

Other Popular Editions of the Same Title

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

Featured Edition

ISBN 10:  3540536655 ISBN 13:  9783540536659
Publisher: Springer, 1991
Softcover