Bounded Price Variation, Rational Expectations, and Endogenous Switching in the U.S. Corn Market

A method for estimating bounded price variation models with rational expectations which incorporates all information implied by rationality is applied to a model of the U.S. corn market. The results indicate that the estimated model performs at least as well as a traditional equilibrium model with naive expectations.

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Year of publication:	1988-05
Authors:	Holt, Matthew T. ; Johnson, Stanley R.
Institutions:	Food and Agricultural Policy Research Institute (FAPRI), Iowa State University

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Extent:	application/pdf text/html
Series:	Food and Agricultural Policy Research Institute (FAPRI) Publications.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008646583