Price dynamics in agriculture: An exercise in historical econometrics

The cobweb theorem links supply reacting to the lagged price to demand reacting to the current price. One can generalize this idea to a set of interdependent markets. Here this is done for eight agricultural product markets. The supply side is represented by an acreage allotment model, which describ...

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Veröffentlicht in:	Economic modelling 1996-07, Vol.13 (3), p.315-331
Hauptverfasser:	Barten, Anton P., Vanloot, Chris
Format:	Artikel
Sprache:	eng
Schlagworte:	Acreage allotment Agricultural economics Demand curves Econometrics Economic models Farm product prices Generalized cobweb Inverse demand system Prices Separate vector autoregression Studies Supply
Online-Zugang:	Volltext
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