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Disequilibrium econometrics on micro data. (English) Zbl 0575.90015

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.

MSC:

91B82 Statistical methods; economic indices and measures
62P20 Applications of statistics to economics
91B38 Production theory, theory of the firm
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