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  • 标题:DYNAMIC POSITIVE EQUILIBRIUM PROBLEM
  • 本地全文:下载
  • 作者:Paris, Quirino
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2001
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:The Dynamic Positive Equilibrium Problem (DPEP) is a methodology for dealing with time series about economic agents’ decisions, regardless of the amount of available information. The approach is articulated in three phases, as in the static counterpart Symmetric Positive Equilibrium Problem (SPEP), with the variant that it must be preceded by the estimation of the equation of motion which characterizes a dynamic model. Furthermore, the definition of marginal cost in the DPEP model is different from the same notion in the static SPEP. In this paper, the DPEP approach was applied to a panel data dealing with annual crops from California agriculture for a horizon of eight years. The dynamic character of the DPEP model is based upon then assumption of output price adaptive expectations that follows a Nerlove-type specification.
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