Theory and estimation of macroeconomic rationing models

1. The Received Econometric Formulation of 2-Market Rationing Models.- 2. Statement of the Problem.- 3. Contents.- I : Theoretical Foundations.- 1. The Structure of Quantity Rationing Models.- a. Institutional setting : the rationing scheme.- b. Information structure of the consumer : the perceived rationing scheme.- c. Equilibrium analysis.- 2. Effective Demand Theory.- II : Econometric Formulation of a 2-Market Macroeconomic Model.- 1. First Generation Models.- a. Underlying assumptions.- b. Indeterminate effective trade offers.- c. On the necessity of accounting explicitly for uncertainty and disequilibrium.- 2. A Disequilibrium Rationing Model.- a. Number of regimes in a disequilibrium rationing model.- b. Assumptions ensuring a 4-regime model with well-defined trade offers.- c. Analysis of the linear disequilibrium rationing model.- d. Towards more general assumptions.- 3. Estimation Methods.- a. The Maddala-Nelson stochastic specification.- b. The Ginsburgh-Tishler-Zang stochastic specification.- c. Which specification : MN or GTZ ?.- Appendix 1 : Proof of Proposition 2.2.- Appendix 2 : Proof of Proposition 2.3.- Appendix 3 : Proof of Lemma 2.5.- III : A Macroeconomic Rationing Model of the Belgian Economy.- 1. A Modified Cobb-Douglas Model.- 2. Labor Hoarding.- 3. Demand for Goods and Labor Supply.- 4. Solvability of the Model.- 5. The Stochastic Model and the Estimation Procedure.- 6. Empirical Results : the Output-Employment Trade-Off.- 7. Estimation of the employment equation.- Appendix 1 : Solvability of a QRM with Labor Hoarding.- Appendix 2 : Data Definitions and Sources.- Conclusion.- References.

著者

Sneessens, Henri R.、 Sneessens Henri (IRES Universit Catholique de Louvain Belgium)、Sneessens Henri R

出版社

Springer-Verlag

発売日

1981年1月発売

価格

価格未定（税込・書誌情報提供：openBD）

ISBN

9783540108375

発売済み