Expectations, information and dynamics

Marc Nerlove and David Bessler ()

Chapter 03 in Handbook of Agricultural Economics, 2001, vol. 1, Part 1, pp 155-206 from Elsevier

Abstract: 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 are discussed. Empirical and experimental evidence for and against various models of expectation is summarized.

JEL-codes: Q00 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (39)

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