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An Information Theoretic Approach to Understanding the Micro Foundations of Macro Processes
Department of Agricultural and Resource Economics, University of California, Berkeley, USA
Department of Agricultural and Resource Economics and Graduate School, University of California, Berkeley, USA
- 1 Department of Agricultural and Resource Economics, University of California, Berkeley, USA
- 2 Department of Agricultural and Resource Economics and Graduate School, University of California, Berkeley, USA
Theoretical Economics Letters·Volume 03 (2013)·Pages 48–51·Published 26 February 2013·DOI10.4236/tel.2013.31008
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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.
KeywordsEmpirical Exponential LikelihoodInformation Theory
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