Major periods of regulatory, institutional and economic upheaval can have significant impacts on firms. They to mediate resulting uncertainties, but where such actions are geographically uneven as firms respond in different ways. Actors construct mental representations a future reality based existing understandings situation, which seeks influence guide other actors, termed ‘fictional expectati...

Do individuals believe that an election victory by their favored candidate will improve their personal economic well-being? Previous work has either adopted an approach that is not well suited to determining this relationship, or ignored this question to focus on perceptions of macroeconomic conditions. In this paper we adopt a new approach that allows us to determine the relationship individua...

This research aims to understand mother’s and girl’s expectations from their spouses, and shows the difference between these two generation’s expectations. Along this, by using qualitative approach and deep semi-structured interview, we studied the expectations difference among 14 mothers and 14 girls resided at Tehran city’s fifth region (area).Results from the research showed that women’s exp...

This paper explores the extent to which the lack of rationality of economic agents has affected the economic fluctuations and the social welfare of the U.S. hog market. A group of articles has ascribed the business cycles of the hog market, observed by economists as early as the last century, mainly to the lack of rationality (cobweb expectations) of economic agents. In contrast, others, assumi...

the main goal of this study is the effectiveness evaluation of socio-demographic variables on increasing marriage age of working female students in university of tehran. using statistical method and questionnaire technique, 387 married female students have been participated in this study by cluster-sampling method. the explanatory variables of female students increase marriage age are: educatio...

Monetary policy as a tool for expectations management is believed to be most effective if it can coordinate the beliefs and expectations of the economic agents. The optimal communication policy is in an environment where central bank announcements are common knowledge and abundant information is complete transparency. The above conclusion is altered in the more realistic situation where economi...

This paper studies global stability of spatial configurations in a dynamic two-region model with quadratic adjustment costs where rational migrants make migration decisions so as to maximize their discounted future utilities. A global analysis is conducted to show that, except for knife–edge cases with symmetric regions, there exists a unique spatial configuration that is absorbing and globally...

Individuals who support the winning candidate in U.S. Presidential elections become significantly more optimistic about the economy after the election, a phenomenon we utilize to measure the effect of partisan bias on economic expectations. The well-documented rise in political polarization among the electorate over the past 20 years has been accompanied by a substantial increase in the effect ...

Survey based measures of inflation expectations are not informationally efficient yet carry important information about future inflation. This paper explores the economic significance of informational inefficiencies of survey expectations. A model selection algorithm is applied to the inflation expectations of households and professionals using a large panel of macroeconomic data. The expectati...