On information and market dynamics: The case of the U. S. beef market
type: Item
instance of: scholarly article
title: On information and market dynamics: The case of the U. S. beef market
zbMATH Open document ID: 0945.91505
DOI: 10.1016/S0165-1889(99)00027-5
publication date: 2000-06-04T00:00:00Z
review text: The paper investigates the nature of dynamic prices and expectations in a competitive market. The approach is applied to the U.S. beef market, which exhibits cyclical patterns and significant biological lags in the production process. Beef price equations are estimated under different expectation regimes. The empirical results indicate the presence of heterogeneous price expectations, with a significant number of market participants neglecting information about the existence of a beef cycle.
Mathematics Subject Classification ID: 91B26
Mathematics Subject Classification ID: 91B24
zbMATH DE Number: 1454344
zbMATH Keywords: market dynamics
zbMATH Keywords: price expectations
zbMATH Keywords: market fluctuations
author: Jean-Paul Chavas
MaRDI profile type: Publication
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full work available at URL: s0165-1889(99)00027-5
OpenAlex ID: W2013157753
published in: Journal of Economic Dynamics and Control
description: scientific article; zbMATH DE number 1454344