Threshold price, expected price and aggregation of micro-markets. A note on the methodological aspects and application prospects for estimating an econometric model of the French cereals market
Roux, Y. le
Agricultural sector modelling Proceedings of the 16th symposium of the European Association of Agricultural Economists EAAE April 14th-15th, 1988, Bonn, GFR: 233-251
Methodological aspects regarding specification and estimation of an econometric model of the French cereals market are considered. A framework is determined which takes into account the disequilibrium in a market (excess supply) caused by minimum price regulation, and the anticipatory behaviour of producers towards expected prices.