Quasi-rational and ex ante price expecta
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Matthew T. Holt; Andrew M. McKenzie
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Article
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2003
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John Wiley and Sons
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English
β 240 KB
## Abstract A statistically optimal inference about agents' __ex ante__ price expectations within the US broiler market is derived using futures prices of related commodities along with a quasiβrational forecasting regression equation. The modelling approach, which builds on a Hamiltonβtype framewo