Taking Pure Theory to Data: Arrow’s Seminal Contribution
Анотація
It is sometimes thought that the Arrow-Debreu model is a strange if not dubious starting point for empirical work. This short note honouring Arrow’s (1953) seminal contribution takes the opposite point of view. It argues that the Arrow-Debreu model is rich in empirical implications, both directly, on its own, and indirectly, as the fountainhead of contributions that seek to explain otherwise anomalous observations.
Класифікація
Ідентифікатори
Рецензії (0)
Написати рецензіюРецензій ще немає. Будьте першим!
Схожі роботи
Approximation of multifractional Brownian motion by absolutely continuous processes
Схоже за: Complex Systems and Time Series Analysis
Turbulent processes in Earth's magnetosheath by Cluster mission measurements
Схоже за: Complex Systems and Time Series Analysis
Game problems for fractional quasilinear systems
Схоже за: Complex Systems and Time Series Analysis
Analysing Social Epidemics by Delayed Stochastic Models
Схоже за: Complex Systems and Time Series Analysis
Exploring frequency of price overreactions in the Ukrainian stock market
Схоже за: Complex Systems and Time Series Analysis
Multifractality of Brownian motion near absorbing polymers
Схоже за: Complex Systems and Time Series Analysis