A NOTE ON THE ESTIMATION OF LIMITED DEPENDENT VARIABLE MODELS UNDER RATIONAL-EXPECTATIONS

被引：11
|
作者：
DONALD, SG [1 ]
MADDALA, GS [1 ]
机构：
[1] UNIV FLORIDA,COLL BUSINESS ADM,CTR ECONOMETR & DECIS SCI,GAINESVILLE,FL 32611
来源：
ECONOMICS LETTERS | 1992年 / 38卷 / 01期
关键词：
D O I：
10.1016/0165-1765(92)90155-R
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we derive the expressions for the expected price in a disequilibrium model with upper and lower limits on prices under rational expectation, relaxing the assumption of perfect foresight made in earlier studies. We prove the uniqueness of the solution to the rational expectations model and outline the estimation method and iterative procedure.
引用
收藏
页码：17 / 23
页数：7
相关论文
共 50 条
12345