| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
ACREAGE RESPONSE, EXPECTED PRICE FUNCTIONS, AND ENDOGENOUS PRICE EXPECTATIONS
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| Autores: |
Choi, Jung-Sup
Helmberger, Peter G.
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| Data: |
2003-12-19
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| Ano: |
1993
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| Palavras-chave: |
Crop Production/Industries
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| Resumo: |
Taking the price of futures as a proxy for expected price, this article treats acreage planted to soybean, the price of futures, and other variables as jointly dependent. A futures price equation is embedded in a simultaneous equations model along with the consumption demand and acreage response. The model is estimated using both ordinary and three-stage least squares. Estimated price elasticities for consumption demand, demand for stocks, and acreage response equal, respectively, -.5, -1.8, and +.2 (short run) and +.59 (long run).
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
11494
http://purl.umn.edu/30812
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Resource Economics>Volume 18, Number 01, July 1993
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| Formato: |
10
application/pdf
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