Testing the rational expectations hypothesis using survey data from vegetable growers in the USA-Reference-Cited by-同舟云学术

Testing the rational expectations hypothesis using survey data from vegetable growers in the USA

Published:1995-12-01 Issue:6 Volume:22 Page:46-59
ISSN:0144-3585
Container-title:Journal of Economic Studies
language:en
Short-container-title:

Author:

Beach E. Douglas,Fernandez‐Cornej Jorge,Uri Noel D.

Abstract

Survey data on expected and actual prices received by individual vegetable growers in Florida, Michigan and Texas in 1990 are used to test the rational expectations hypothesis. The use of individual grower data overcomes many of the issues that have limited previous tests of this hypothesis in agriculture. Overall, finds that price expectations of vegetable growers are inconsistent with the rational expectations hypothesis for the majority of vegetable/state combinations studied.

Publisher

Emerald

Subject

General Economics, Econometrics and Finance

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