A Skeleton Key to the Econometrics of the Producer's Behavior

C. Bronsard and Salvas-Bronsard, L.

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: This Paper Presents the Producer's Decision-Making Problem in Order to Test a Model of the Joint Determination of Physical and Financial Factor Demands. a Structural Model Is Defined in Which the Three Basic Neoclassical Models of the Producer's Behavior Are Embodied. the Structural Model Contains Many Other Models of the Firm. One of These Models Is Particularly Attractive. It Allows for Technical Inefficiencies, Goods May Serve As Outputs and Inputs and Gross Outputs As Well As Net Outputs May Be Consideed As Given. This Last Model Is Intepreted in a Sequence of Temporary Equilibria in Which Financial Operations and Expectations Are Essential Elements of the Decision. Finally, the Model Is Tested with Canadian National Accounts Quarterly Time Series Data.

Keywords: Demand; Production; Regression Analysis (search for similar items in EconPapers)
Date: Written 1988

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Persistent link: http://EconPapers.repec.org/RePEc:mtl:montde:8810

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