Rational Expectations and Agricultural Policy: An Econometric Application t...

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英文文献：Rational Expectations and Agricultural Policy: An Econometric Application to the U.S. Dairy Economy
英文文献作者：Thraen, Cameron S.
英文文献摘要：
The conceptual and econometric implications of the rational expectations paradigm for modelling producers' expectations are derived for a simple macro-economic model of the dairy producing sector. It is demonstrated that the parameters of the estimated reducedform equations are functions of the speafic dairy price-support rule in effect.

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