The Market for Winter Tomatoes: A Rational Expectations Interpretation

J Shonkwiler and Robert D. Emerson

No 279305, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A model of the Florida tomato industry is formulated under the hypothesis that growers make production decisions as rational economic agents. This assumption implies that anticipated Mexican tomato imports as well as other economic variables are taken into account when the planting decision is made. Maximum likelihood estimation methods are used to solve the simultaneous equations model, and the implications of the model's reduced form are analyzed.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 16
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279305

DOI: 10.22004/ag.econ.279305

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