Agricultural Price Expectations: An Erroneous, but Better Approach to Measurement

Robert Weaver

No 279390, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The subjective, market level expectation of price is an unobservable which at best can be measured with error. The usefulness of the past and current cash prices and futures prices are considered. An errors-invariables model of price expectations is introduced and applied in a model of U. S. aggregate soybean supply.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 17
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279390

DOI: 10.22004/ag.econ.279390

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