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A dynamic rational expectations model of investment and asset price determination of a quasi-fixed factor: the case of agricultural machinery and equipment in the U.S., 1948-1983



A dynamic rational expectations model of investment and asset price determination of a quasi-fixed factor: the case of agricultural machinery and equipment in the U.S., 1948-1983



Dissertation Abstracts International A, Humanities and Social Sciences 50(7): p.2170



A dynamic investment model of a quasi-fixed factor is developed. The model determines the factor's stock and asset price endogenously and simultaneously assumes that economic agents hold rational expectations. The model is applied to the case of agricultural machinery and equipment in the USA. The demand side of the market corresponds to a model of economic behaviour in the agricultural sector according to the profit maximizing paradigm.

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Accession: 002009428

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