TITLE:
An Information Theoretic Approach to Understanding the Micro Foundations of Macro Processes
AUTHORS:
Sofia B. Villas-Boas, George Judge
KEYWORDS:
Empirical Exponential Likelihood; Information Theory
JOURNAL NAME:
Theoretical Economics Letters,
Vol.3 No.1,
February
26,
2013
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.