ALTERNATIVE PROCEDURES FOR THE FORMATION OF PRICE EXPECTATIONS IN SUPPLY RESPONSE ANALYSIS: AN APPLICATION TO U.S. CORN ACREAGE

Kamil H. Shideed, Fred C. White and Stephen J. Brannen

No 269926, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study analyzes the consequences of frequently used price expectation models by comparing the responsiveness of U.S. corn acreage to six alternative formulations. It analyzes the tradeoff between bias and variance associated with these forecasts. The results of this study have important implications for future research on supply analysis

Keywords: Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:269926

DOI: 10.22004/ag.econ.269926

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