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Review of Economic Studies Vol. 53 No. 1 1986

Disequilibrium Econometrics on Micro Data

M. B. Bouissou1; J. J. Laffont1; Q. H. Vuong2

1 Universite des Sciences Societies, Toulouse · 2 California Institute of Technology

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.

DOI
10.2307/2297595
Volume
53
Issue
1
Pages
113
Sources
bibtex:phds-export.bib openalex crossref

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