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The role of expectations in the empirical analysis of agricultural supply is examined under the assumption of separation of expectations and constraints in dynamic decision making. Extrapolative, adaptive, implicit, rational and quasi-rational, and futures-based models of expectation formation...
Persistent link: https://www.econbiz.de/10005462243
Persistent link: https://www.econbiz.de/10001632148
The role of expectations in the empirical analysis of agricultural supply is examined under the assumption of separation of expectations and constraints in dynamic decision making. Extrapolative, adaptive, implicit, rational and quasi-rational, and futures-based models of expectation formation...
Persistent link: https://www.econbiz.de/10014024138