The role of rational expectations in a model of the Florida escarole market [USA].
1980
Shonkwiler J.S.
Extract: The paper proceeds by developing a model of the Florida escarole market. The discussion then focuses on types of expectational processes which may be employed in the hypothesized model. Next, several variants of the adopted model are estimated and the results are presented. Implications of the estimated model are discussed and some conclusions are considered in the final section.
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