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Stock-Outs and Supply Response Estimation under Rational Expectations

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  • Frechette, Darren L

Abstract

The relationship between economic fundamentals and the likelihood of a stock-out is investigated using an annual storage model with rational expectations. The likelihood of a stock-out is then examined as a source of bias in econometric estimates of supply response. Copyright 1999 by Oxford University Press.

Suggested Citation

  • Frechette, Darren L, 1999. "Stock-Outs and Supply Response Estimation under Rational Expectations," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(1), pages 59-77, March.
    • Handle: RePEc:oup:erevae:v:26:y:1999:i:1:p:59-77
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    Cited by:

    1. Elodie Maître d'Hôtel & Tristan Le Cotty, 2018. "Why does on†farm storage fail to mitigate price volatility?," Agricultural Economics, International Association of Agricultural Economists, vol. 49(1), pages 71-82, January.
    2. Bayle-Tourtoulou, Anne-Sophie & Laurent, Gilles & Macé, Sandrine, 2006. "Assesing the frequency and clauses of out-of-stock events through store scanner data," HEC Research Papers Series 830, HEC Paris.

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