Rationality, Price Risk, and Response

James Seale () and J Shonkwiler

Journal of Agricultural and Applied Economics, 1987, vol. 19, issue 1, 111-118

Abstract: Risk has long been recognized as potentially important in determining agricultural supply. However, supply response models have either incorporated risk in an ad hoc manner or not at all. A rational expectations supply response model incorporating price risk is developed, an estimation procedure suggested, and an empirical example presented.

Date: 1987
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Journal Article: RATIONALITY, PRICE RISK, AND RESPONSE (1987)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:19:y:1987:i:01:p:111-118_01

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