Luh, Yir-Hueih; Stefanou, Spiro E. - In: American Journal of Agricultural Economics 78 (1996) 4, pp. 991-1003
In this paper we derive a system of equations depicting agents' dynamic decision rules under nonstatic price expectations. Based on the adjustment cost model of the firm, the integrability conditions which can serve to guide the specification of flexible functional forms are established. A...