Cattle cycles, heterogeneous expectations and the age distribution of capital

DOI10.1016/J.JEDC.2003.08.003MaRDI QIDQ953697zbMATH OpenOpenAlexFDO

Authors David Aadland

Publication date 6 November 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2003.08.003

zbMATH Keywords

age distributionbounded rationalitycattle cycles

Mathematics Subject Classification ID

Heterogeneous agent models (91B69) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

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Cites work

• A Rational Route to Randomness
• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
• On information and market dynamics: The case of the U. S. beef market
• Quasi-rational expectations, an alternative to fully rational expectations: An application to US beef cattle supply
• Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(4)

• A model of producer incentives for livestock disease management
• Are the representative agent's beliefs based on efficient econometric models?
• Stability analysis on an economic epidemiological model with vaccination
• Sticky information and model uncertainty in survey data on inflation expectations

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