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  • Book
  • © 1991

A Structural Analysis of Expectation Formation

Based on Business Surveys of French Manufacturing Industry

Authors:

  1. Marc Ivaldi

    1. G.R.E.M.A.Q. and E.H.E.S.S., Université des Sciences Sociales, Toulouse Cedex, France

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 354)

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Table of contents (9 chapters)

  1. Front Matter

    Pages N1-XII
    PDF

  2. Introduction

    1. Introduction

      • Marc Ivaldi
      Pages 1-19

  3. Forecasting Production Behavior in the Short-Run

    1. Front Matter

      Pages 20-22
      PDF

    2. The Production Smoothing Model

      • Marc Ivaldi
      Pages 23-45

    5. The Empirical Analysis and Forecasting

      • Marc Ivaldi
      Pages 112-139

  4. Survey Evidence on the Rationality of Expectations

    1. Front Matter

      Pages 140-142
      PDF

    2. On Testing the RE Hypothesis: A Survey

      • Marc Ivaldi
      Pages 143-157

  5. Conclusion

    1. Conclusion

      • Marc Ivaldi
      Pages 207-214

  6. Back Matter

    Pages 215-233
    PDF
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About this book

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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Keywords

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Authors and Affiliations

  • G.R.E.M.A.Q. and E.H.E.S.S., Université des Sciences Sociales, Toulouse Cedex, France

    Marc Ivaldi

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Bibliographic Information

  • Book Title: A Structural Analysis of Expectation Formation

  • Book Subtitle: Based on Business Surveys of French Manufacturing Industry

  • Authors: Marc Ivaldi

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-46735-6

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1991

  • Softcover ISBN: 978-3-540-53665-9Published: 13 March 1991

  • eBook ISBN: 978-3-642-46735-6Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: XII, 230

  • Number of Illustrations: 2 b/w illustrations

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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Buy it now

eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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