A structural analysis of expectation formation : based on business surveys of French manufacturing industry. Marc Ivaldi / Lecture notes in economics and mathematical systems ; Vol. 354

Ivaldi, Marc

ISBN 10: 3540536655 / ISBN 13: 9783540536659

Published by Berlin ; Heidelberg ; New York ; London ; Paris ; Tokyo ; Hong Kong ; Barcelona : Springer, 1991

About this Item

XII, 230 S. : graph. Darst. ; 24 cm Das Buch befindet sich in einem dem Alter endsprechendem guten , gelesenen Zustand.Die Seiten und der Einband sind intakt.BuchrueckenEckenKanten koennen leichte Gebrauchsspuren aufweisen. Sprache: Deutsch Gewicht in Gramm: 470 Softcover reprint of the original 1st ed. 1991.

Seller Inventory # 406110

Bibliographic Details

• Title: A structural analysis of expectation formation : based on business surveys of French manufacturing industry. Marc Ivaldi / Lecture notes in economics and mathematical systems ; Vol. 354
• Publisher: Berlin ; Heidelberg ; New York ; London ; Paris ; Tokyo ; Hong Kong ; Barcelona : Springer
• Publication Date: 1991
• Language: German
• ISBN 10: 3540536655
• ISBN 13: 9783540536659
• Binding: (Berlin
• Condition: Gut
• Weight: 470 grams
• Seller catalogs:
  • Alle Bücher

About this title

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.