The Use of Expectations In Agricultural Supply Response

Suzanne Hazard and J Shonkwiler

No 278895, 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A composite supply response model is formulated that has extrapolative and rational components as well as a partial adjustment mechanism. The model is applied to the Florida Watermelon Market to investigate how producers are forming their expectation of watermelon prices at harvest time. The results show that a dynamic cobweb mechanism is a valid representation of the data and suggests that producers are not using all the relevant information in the market.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 16
Date: 1984-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/278895/files/aaea-1984-006.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea84:278895

DOI: 10.22004/ag.econ.278895

Access Statistics for this paper

More papers in 1984 Annual Meeting, August 5-8, Ithaca, New York from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().