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An Information Theoretic Approach To Understanding The Micro Foundations of Macro Processes

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  • Villas-Boas, Sofia B
  • Judge, George

Abstract

In the context of a simple equilibrium macro process we suggest a probability basis for recovering information regarding the unknown and unobservable micro process, and solving the resulting inverse problem.
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Suggested Citation

  • Villas-Boas, Sofia B & Judge, George, 2013. "An Information Theoretic Approach To Understanding The Micro Foundations of Macro Processes," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0hz5g3cj, Department of Agricultural & Resource Economics, UC Berkeley.
    • Handle: RePEc:cdl:agrebk:qt0hz5g3cj
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    References listed on IDEAS

    as
    1. Smith, Eric & Foley, Duncan K., 2008. "Classical thermodynamics and economic general equilibrium theory," Journal of Economic Dynamics and Control, Elsevier, vol. 32(1), pages 7-65, January.
    2. Judge,George G. & Mittelhammer,Ron C., 2012. "An Information Theoretic Approach to Econometrics," Cambridge Books, Cambridge University Press, number 9780521869591.
    3. Judge,George G. & Mittelhammer,Ron C., 2012. "An Information Theoretic Approach to Econometrics," Cambridge Books, Cambridge University Press, number 9780521689731.
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