"IRRATIONAL" PLANTING BEHAVIOR AS RATIONAL EXPECTATIONS OF GOVERNMENT SUPPORT

dc.creatorVedenov, Dmitry V.
dc.date2017-04-01T14:00:53Z
dc.date.accessioned2026-07-09T04:24:53Z
dc.descriptionThe paper outlines an approach to estimation of rational expectations acreage response model for US soybeans that explicitly takes into account government payments. Numerical methods are used to recompute the model equilibrium at each iteration of the log-likelihood optimization routine. Estimation results allow one to measure market distortion introduced by the government support programs.
dc.identifierdoi:10.22004/ag.econ.35237
dc.identifierhttps://ageconsearch.umn.edu/record/35237/files/sp03ve03.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/35237
dc.identifier.urihttp://hdl.handle.net/123456789/549562
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/35237
dc.title"IRRATIONAL" PLANTING BEHAVIOR AS RATIONAL EXPECTATIONS OF GOVERNMENT SUPPORT
dc.typeText

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