Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192123 
Autor:innen: 
Erscheinungsjahr: 
1995
Schriftenreihe/Nr.: 
Discussion Papers No. 139
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
This paper presents a method for aggregation across markets in a Non-Walrasian model, focusing mainly on labor markets. The method utilizes a probabilistic approach based on aggregating across virtual price functions instead of demand functions or budget shares as is normally done. By assuming log-linear virtual price functions and using the GEV distribution, it is possible to identify most of the micro structure of an economy in disequilibrium from observed aggregate variables. The paper discusses different possible indicators of disequilibrium in the labor market and presents some illustrative estimation results.
Schlagwörter: 
Aggregation
disequilibrium
non-Walrasian models.
JEL: 
E1
C5
D5
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

Datei(en):
Datei
Größe
5.84 MB





Publikationen in EconStor sind urheberrechtlich geschützt.