Quasi-rational expectations, an alternative to fully rational expectations: An application to US beef cattle supply

DOI10.1016/S0304-4076(97)00067-5zbMath0886.62120OpenAlexW1982152423WikidataQ127990880 ScholiaQ127990880MaRDI QIDQ1377309

Ilaria Fornari, Marc L. Nerlove

Publication date: 4 February 1998

Published in: Journal of Econometrics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4076(97)00067-5

zbMATH Keywords

rational expectationsdynamic optimizationcattle cyclesquasi-rational expectations

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Applications of mathematical programming (90C90)

Related Items (4)

Quasi-rational expectations, an alternative to fully rational expectations: An application to US beef cattle supply ⋮ Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations ⋮ On information and market dynamics: The case of the U. S. beef market ⋮ Cattle cycles, heterogeneous expectations and the age distribution of capital

Cites Work

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• Solving stochastic optimization models with learning and rational expectations
• How to do comparative dynamics on the back of an envelope in optimal control theory
• Forecasting in dynamic models with stochastic regressors
• Quasi-rational expectations, an alternative to fully rational expectations: An application to US beef cattle supply
• Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models
• Econometric Implications of the Rational Expectations Hypothesis
• Several Tests for Model Specification in the Presence of Alternative Hypotheses
• Spectral Analysis of Seasonal Adjustment Procedures

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