The systematic study of disequilibrium phenomena is still in its infancy. This book makes a significant contribution to knowledge in the area, being an exposition of the econometric techniques for estimating economic parameters in disequilibrium situations - for example when markets do not clear. It is characteristic of the relevant disequilibrium models that they contain unobserved "latent" variables, which places this subject squarely in the area of qualitative dependent variables. This volume clarifies the various approaches and the relationships between them. The emphasis is on formulating econometric models, deriving the appropriate estimating techniques, and providing guidelines for the computation of the estimates. The theoretical treatment is illustrated by reference to empirical application and one entire chapter is devoted to discussing particular empirical models.
- ISBN10 0631144021
- ISBN13 9780631144021
- Publish Date 28 July 1988
- Publish Status Out of Print
- Out of Print 13 January 1994
- Publish Country GB
- Publisher John Wiley and Sons Ltd
- Imprint Blackwell Publishers
- Format Hardcover
- Pages 320
- Language English