Empirical Analysis of Agricultural Commodity Prices: A Viewpoint

William G. Tomek and Robert J. Myers

Review of Agricultural Economics, 1993, vol. 15, issue 1, 181-202

Abstract: Numerous models of price-demand-supply behavior in agricultural markets have been proposed and estimated. The literature contains valuable contributions, but the cumulative effect is somewhat disappointing. This paper appraises the status of the price analysis literature and makes suggestions for improving the quality of empirical results.

Date: 1993
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