Bouissou, M. B. and Laffont, Jean-Jacques and Vuong, Quang H. (1986) Disequilibrium econometrics on micro data. Review of Economic Studies, 53 (1). pp. 113-124. ISSN 0034-6527. https://resolver.caltech.edu/CaltechAUTHORS:20171114-150254959
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Abstract
This paper brings some empirical evidence to the construction of a more disaggregated view of disequilibrium. Individual data on firms collected by INSEE through periodic Business Surveys are used to construct the distribution of firms over the four possible disequilibrium regimes. Then the behavior of this distribution over time is analyzed by estimating dynamic conditional logit models on panel data.
| Item Type: | Article | |||||||||
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| Additional Information: | © 1986 The Society for Economic Analysis Limited. First version received January 1984; final version accepted July 1985 (Eds.) Support from DRGST 81-E-1303 is gratefully acknowledged. We are indebted to E. Malinvaud and B. Ottenwaelter for giving us access to the individual data collected by INSEE. We are grateful to two anonymous referees and G. Mizon for their remarks on a previous draft. Formerly SSWP 502. | |||||||||
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| Subject Keywords: | Unemployment, Market disequilibrium, Keynesianism, Economic models, Public expenditures, Demand, Conditional probabilities, Mathematical models, Macroeconomics, Purchasing power | |||||||||
| Issue or Number: | 1 | |||||||||
| Record Number: | CaltechAUTHORS:20171114-150254959 | |||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171114-150254959 | |||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||
| ID Code: | 83202 | |||||||||
| Collection: | CaltechAUTHORS | |||||||||
| Deposited By: | Jacquelyn Bussone | |||||||||
| Deposited On: | 15 Nov 2017 23:15 | |||||||||
| Last Modified: | 03 Oct 2019 19:03 |
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